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Started By
Message
Posted on 6/18/14 at 6:11 pm to Golfer
quote:
And he doesn't have them as an LLC?
I don't know I wrote the invoice in his name. The only reason I'm worried and posting about it is I have little info on these two guys. Both were referred in by people I know. One guy in BR who I never met in person but talked on the phone with twice has the $160+ dollar bill. I gave him the estimate. The cost exceeded the estimate by $15.
Due to the actual part cost.
The other guy was there as I started but needed to leave and asked me to bill him and he knew the exact price with tax before he left.
Again, it's not big tickets, we won't be eating Bologna if these guys stick it to us.
I mostly wanted to get insight on the collections and net terms side of business.
Posted on 6/18/14 at 6:44 pm to Napoleon
Oil and Gas is net 60 or more. The buyers usually holds all the power though, not the supplier
Posted on 6/18/14 at 6:49 pm to skeetandtrap
quote:
Oil and Gas is net 60 or more. The buyers usually holds all the power though, not the supplier
you are correct and some go net 90
Posted on 6/18/14 at 7:06 pm to Double Oh
We rarely get bills paid in under 15 days. It has to be approved locally then sent up to corporate who then sends it on to AP where the check finally gets cut. I would trust reputable businesses 30 days but individuals 20 days
Posted on 6/18/14 at 9:29 pm to LSU1018
quote:
individuals 20 days
exactly. Individual Net terms accounts. If I don't have my check in fifteen days, it's late.
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