iv'e just found it the invoice has been sitting on someone at works desk for 3 days because they couldnt be bovvered to process it. would you be annoyed if this happened to you. it will now take another 4 days for it to clear with my bank.
2007-11-29 22:49:14 · 13 answers · asked by Anonymous in Business & Finance ➔ Personal Finance
yes. iwould have got greatly annoyed
2007-11-29 22:58:33 · answer #1 · answered by sudo@ ubuntu 5 · 0⤊ 0⤋
Before doing work for businesses you should always ask what their invoice payment policy is. Most will require at least 28 days and will only raise cheques for payment once a month. Others will say 28 days but mean 56. To do this is now illegal and this should be pointed out at the outset. You must also present your terms when giving a quotation so that they know where you and they stand on this point. On the odd occasion that I have been kept waiting for payment I have gone to the business premises and sat in the reception and told everybody no matter who they were that the company was in difficulty as they were delaying payments to suppliers. Word can soon travel and could cause them difficulty when looking for future credit with suppliers. I was always paid off there and then. If they give you a cheque and it bounces this is actually fraud and the police could be bought in.
Have a happy and blessed Christmas.
2007-11-30 07:03:39 · answer #2 · answered by ANF 7 · 0⤊ 1⤋
It happens all the time.
I've now been waiting 90 days for a (not insubstantial) invoice to be paid by a particular client. It's the second time (the last one took 6 months. I won't be doing any more work for them in a hurry.
It usually takes 30 days with most clients. Not a lot you can do really as your money is in the hands of some spotty herbert who'll process the invoice when they get round to it. And at this time of the year, silly season, thery don't get round to it. they They don't care as they're still getting paid at the end of the month.
2007-11-30 07:04:06 · answer #3 · answered by Anonymous · 0⤊ 0⤋
It would annoy me but you're not clear on some matters.
Are you a sole trader or limited company? If you are one of these you can stipulate late payment penalties on your invoice as well as early payment discounts.
It does sound like you are a small business which means, unfortunately, your bargaining position is weaker when dealing with bigger companies. You would need a contract agreement with the company which stipulates a pay agreement mutually beneficial to both parties.
The company I work for insists on a 45 day payment cycle!!
2007-11-30 07:09:43 · answer #4 · answered by Anonymous · 0⤊ 0⤋
Your lucky our company tries to hold out for 90 days paying invoices
2007-11-30 06:52:53 · answer #5 · answered by Shades 3 · 0⤊ 0⤋
I'd be very annoyed, but I imagine they try to hold onto it for as long as possible so that it will accrue interest in their account. Not unheard of!
2007-11-30 06:59:27 · answer #6 · answered by Orla C 7 · 0⤊ 0⤋
Yes.
2007-11-30 06:58:50 · answer #7 · answered by Ñusta 5 · 0⤊ 0⤋
Yes I would be really annoyed
2007-11-30 06:57:44 · answer #8 · answered by Rich S 5 · 0⤊ 0⤋
What would they do if you sat on your work for that long! You would probably no longer be a part of this workplace any more...i think you should stand upto it!
2007-11-30 07:20:53 · answer #9 · answered by SPARTAN 5 · 1⤊ 0⤋
The simple answer is Yes, it would bother me.
2007-11-30 06:53:04 · answer #10 · answered by Knownow't 7 · 0⤊ 0⤋