westelectric
Senior Member
- Location
- westchester county, NY
Anyone follow a strict policy to charge customers say a 1 1/2 percent late fee for accounts over 30 days.
westelectric said:Anyone follow a strict policy to charge customers say a 1 1/2 percent late fee for accounts over 30 days.
On a monthly basis, usually 10-20 service calls will run over the 30 day limit. Service guys will leave a bill at the call but if its not paid, the next day an invoice will go out from the office. I have it posted on the invoice at the bottom but never really enforced it. I'm thinking maybe I should to help out with gas prices before I start charging a fuel surcharge.Dennis Alwon said:I never have charged a penalty but I only have a few that have gone over 30 days and a quick phone call usually takes care of it.
Who is Percy??????Dennis Alwon said:If they make me mad I tell them I will bring Percy with me to collect.:grin:
WHO IS PERCY?????quogueelectric said:Who is Percy??????
romexking said:You should charge and collect a late fee for every invoice. I once had a contractor not pay on a couple of invoices for a construction project. When we went to court, one of the determining factors of me winning $80k (40k in interest!) was the fact that on the very first invoice, they were late in paying and I included the interest at 2%, and they paid it. That set a precedent for this project, and the judge awarded us the money. We still have to collect, but we are in the process of forcing the sale of their company owned home:grin: :grin:
Moral of the story....bill it and collect it!
Greg1707 said:.... What is a 90 day float?
Greg1707 said:I have also done small jobs for people and when I asked to be paid at completion they have told me they are entitled to 30 days. Where does this come from? Am I missing something here? What is a 90 day float?
Greg1707 said:I did some work in May that was arranged through email correspondence. He is an out of state landlord. I told the fellow how much the project would cost ($1,600) and he agreed by email that I should proceed.