A&P Accounts receivable woes.

Discussion in 'Lifestyle' started by CornUponCob, May 6, 2008.

  1. CornUponCob

    CornUponCob New Member

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    So Fall of 2007 went well as far as me receiving payment "on time" was concerned. I was always paid within 2 weeks and things were good.

    This spring...... actually screw all this, too lazy to type.

    How do you all ensure you receive your payments from your customers in a timely manner? At one point in time this spring I had $4,200 of invoices I was waiting to collect on. Found out today that 2 DVDs and a $900 invoice never made it to the client (mailed 2.5 weeks ago), so that is at minimum another 3 weeks I'll be waiting for that $900. Still waiting on ~ $2000 from my largest most dependable client.

    I've read that some photographers write in a clause something along the lines of "receive a 10% discount if paid within 2 weeks)... which is just a positive way of saying "you won't be charged an extra 10% if you pay me within 2 weeks".

    I've got bills to pay nugga. I need my monies.
     
  2. turbodude

    turbodude Just a photographer OT Supporter

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    yes net30 is standard paid 30 days after invoice. and NET15(5%) is what i use if they pay within 15 days of teh invoice date they get 5% off.
     
  3. Jcolman

    Jcolman OT Supporter

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    All our invoices say 30 days net. Anything over 30 days is charged a 10% surcharge.
     
  4. mojito

    mojito New Member

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    I do 50% at booking amd remainder due 30 days out for big shoots. 5% off if paying all upfront.

    On a smaller shoot they won,t receive any product till payment is received, unless its a corp that won't play by those rules, like Herman Miller :mad:
     
  5. ///Mik3

    ///Mik3 New Member

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    you wanna know about shitty corprate policies? walmart doesn't pay for 60 days!
     
  6. kristin

    kristin my dog > *

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    I would suggest what Mojito says.. 50% upfront and charge more if they don't pay the other 50% afterwards.
     
  7. mojito

    mojito New Member

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    I wouldn't work for walmart if it was the last job on earth, but thats just me :mamoru:
     
  8. brasheye

    brasheye Rotary Crew

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    shit, this thread reminds me about a few overdue invoices.

    i'll be ballin soon :cool:
     
  9. upparoom

    upparoom Well-Known Member

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    shit, you think thats bad. some government contracts I have go up to 4 months unpaid.
     
  10. ace3

    ace3 mouthify my wang.

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    net 30 for everything, and stick to it.

    our wedding photographer had a sort of "payment plan" where she asked for 1/3 up front, then the rest of the 2/3 split up over a few payments until a month before the event.

    but, she lives in mexico, so i could see why she would do it that way
     
  11. ace3

    ace3 mouthify my wang.

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    and, apparently the in-laws forgot to send her a check to make sure our date was set on her calendar.

    luckily, the photog had us down anyway, and didnt' realize we hadn't paid yet. :o
     
  12. cjj92yj

    cjj92yj Guest

    What wording do you put on your invoices to let people you are planning on the Net30 issue? I don't want to appear like an a-hole for telling people to pay regularly, but I don't want to get stimped for a few months either.
     
  13. Finest

    Finest OG #93

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    My cousin Vinny and I make collection calls. All we require is 5% of the invoice + a new baseball bat for each call. It gets messy after a few swings. :o
     

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