03-30-2013, 09:30 AM
First time customer COD after that 15 days net is my preference, 30 days is to long which leads to 45 way long. 15 days will get me paid in 21 to 30 My goal.
WE also require every new client to have a credit card on file so if they do not pay with in the specified time frame we can charge the card.
How I set it up On the invoice if paid by X date client will receive a discount of X for prompt payment. then the normal language stating payment must be made in 30 days or x % will be added to the invoice.
If we are asked how we want to set up payment my first choices are COD or Credit Card. Cash flow is king.
WE also require every new client to have a credit card on file so if they do not pay with in the specified time frame we can charge the card.
How I set it up On the invoice if paid by X date client will receive a discount of X for prompt payment. then the normal language stating payment must be made in 30 days or x % will be added to the invoice.
If we are asked how we want to set up payment my first choices are COD or Credit Card. Cash flow is king.