Re: FN-FORUM: Credit to resellers

date posted 7th March 2008 13:23

Useful information guys. Thanks for your help!

On the next job I'll make it clear it's 30 days credit.

On 7 Mar 2008 14:31:42 -0000, Rob Colton [EMAIL REMOVED] wrote:
>
> It is criminal using you as a free lending source instead of an overdraft.
> However, it seems to be a fact of life with some resellers.
>
> We print and duplicate CDs and DVDs, fortunately about 50% of the business
> is cash with order (cards, checks and unmarked, low denomination notes).
> However, we do deal with several companies who re-sell our service who
> always use the "we'll pay you when we get paid" line when their 30 days is
> up.
>
> Each time I explain we are a small business and not a lending bank and that
> we do incur considerable costs to fulfil their jobs. I explain that our
> terms are strictly 30 days from date of invoice and that late payments may
> be subject to interest and in all quotes and invoices I put these terms in
> bold to them.
>
> But at the end of the day we just have to realise and take into account
> these payment policies and work it into the cashflow. We do at least know
> that they will pay in a certain time. One I just gave up on and extended his
> credit to 60 days, but a day over he gets phoned mercilessly.
>
>
> On 7/3/08 14:05, "Darren Moore" [EMAIL REMOVED] wrote:
>
> >
> > Hi.
> >
> > Does anyone resell/outsource their services to other companies who
> > deal with customers?
> >
> > I'm currently doing work for a design house who give their customers
> > 30 days credit after the invoice has been sent. These design houses
> > only want to pay me when their customer pays them which is generally
> > over 30 days when I've passed my work to them.
> >
> > Just wondering how other people deal with this and if you have any input?
>
>
>
>
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