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Message
Collecting accounts receivable
Posted on 9/18/25 at 5:29 pm
Posted on 9/18/25 at 5:29 pm
Anyone work for themselves or AR for a business notice that customers have been slower than usual paying open invoices? A third of my AR is over 90 days past due. I mentioned this to another small business owner and he said he was having the same problems. We'll likely collect most of what's due us, but it's taking a lot longer than usual.
24
Posted on 9/18/25 at 5:31 pm to Rex Feral
I wouldn't provide a service without immediate payment at this point
People are deadbeats
People are deadbeats
Posted on 9/18/25 at 5:33 pm to Cosmo
quote:
I wouldn't provide a service without immediate payment at this point
What do you do?
Posted on 9/18/25 at 5:33 pm to Cosmo
Know quite a few businesses sitting on invoices waiting for fall cash influx
None in material concern but feels like once a few start paying the cycle will feed everyone quickly
Knock on wood
None in material concern but feels like once a few start paying the cycle will feed everyone quickly
Knock on wood
Posted on 9/18/25 at 5:39 pm to Rex Feral
small claims court or big court, depending on the amounts.
Posted on 9/18/25 at 5:39 pm to Rex Feral
quote:
Rising unemployment: The jobless rate rose to 4.3% in August, the highest level since 2021.
Just make people in the 40-59 age group pay up front
This post was edited on 9/18/25 at 5:40 pm
Posted on 9/18/25 at 5:43 pm to Rex Feral
quote:Is this 1/3rd of the amount owed or 1/3rd of all of your customers are in the 90 day winder?
A third of my AR is over 90 days past due.
If it’s the former, it could be kinda coincidental; if it’s the latter, someone on your end dropped the ball 30-45 days ago.
If in Louisiana, you could be out of your lien rights (if that applies to you situation) on that money.
Warning: I’m NOT a lawyer or an accountant, nothing I say here should be construed as advice or law. Consult competent professionals to obtain legal counsel or financial advice.
Posted on 9/18/25 at 5:46 pm to soccerfüt
I just collected my salary for the year on a late payment
Posted on 9/18/25 at 5:48 pm to Rex Feral
About to lay off 30% of our workforce. Held on hoping for some recovery (housing related). Receivables have been of ok but margins suck. We have likely however been paying our vendors slower.
Posted on 9/18/25 at 5:48 pm to Cosmo
Depending on our business, that is not going to work. I work for a small import/export family-owned company. The customers are not going to pay $30K upfront. And sometimes, they are waiting on payment from their customers. So it's a headache to stay on top of it, but that's the way it works for us.
Posted on 9/18/25 at 5:55 pm to Rex Feral
Yep but it's been that way for me forever. And it's just a couple of clients but they are 2 of my biggest so......
Posted on 9/18/25 at 5:57 pm to Rex Feral
I read something about sub prime auto loans so….thats all I got.
Posted on 9/18/25 at 6:00 pm to Rex Feral
quote:
Anyone work for themselves or AR for a business notice that customers have been slower than usual paying open invoices? A third of my AR is over 90 days past due. I mentioned this to another small business owner and he said he was having the same problems. We'll likely collect most of what's due us, but it's taking a lot longer than usual.
40 percent of my job is AR ...what do you sell?
Posted on 9/18/25 at 6:00 pm to CR4090
quote:lol. Art Vandelay?
I work for a small import/export family-owned company
Posted on 9/18/25 at 6:12 pm to Rex Feral
Big sign the economy is getting worse. I remember this happening in 2007/2008.
Posted on 9/18/25 at 6:17 pm to Rex Feral
Yep
Customers are extending their payment terms
Customers are extending their payment terms
Posted on 9/18/25 at 6:18 pm to Rex Feral
Yes it has been happening for us. Interesting.
Posted on 9/18/25 at 6:18 pm to Defenseiskey
quote:
Big sign the economy is getting worse. I remember this happening in 2007/2008.
Yes and no, so many of these types of functions have been outsourced or decentralized that this kind of stuff just takes longer or gets looked over with much more regularity.
Most all of my clients work in the tax department that have nothing to do with procurement. In order for me to check on an invoice, I either send an email to the general AP email for the client that doesn’t get checked or has some hourly dumbass that doesn’t give a frick check it. Or I reach out to my contact in tax and they may or may not even know we invoiced them then they have to run down AP to process it which has to go through multiple approvals whatever.
It takes 2 weeks for me to get paid ONCE the invoice is actually approved
Posted on 9/18/25 at 6:20 pm to Gifman
quote:
40 percent of my job is AR ...what do you sell?
Accounting. I don't collect a retainer. Almost all of my billings come from returning clients. I've done a good job of weeding out deadbeats. Our write offs are usually less than 1.5% of total billings.
My 90 days past due is usually so small I don't even look at it on a regular basis. The conversation I had to day was the only reason I went over it.
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