Current Outstanding Customer Debts .

[All Round Cleaning]

Whats your average ammount owed to you per month ?

Mine at the moment is £35.00 which is %5 of my current turn over .

 

[harunh]

minesa bout 42 pound.. thats about 5% aswell lol

 

[Dodger]

Mines 7 quid which is approximately 147% of my current turnover.

 

[rcproperty]

lucky enough not to have anyone owing any money. all mine are good payers and the ones that use bacs are paid within a few days of invoice.

 

[M.K Cleaners.co.uk]

I dont know mine but its high, way higher than all yours lol

 

[Gmeister]

I try collect all my money before the end of the month, so only have like £10 - £15 each month, which they pay double the next month(If I know they will)

 

[Iain]

I dont know mine but its high, way higher than all yours lol

Not as high as mine!lol.

I'm pretty hot on who owes how much and how old the debts are but I know how business is at times so I never issue late payment fees unless things get silly or I think the customer is using me as an interest free loan.

Is everyone clued up on late payment charges and interest or is it worth me posting the info here? It's only for commercial debts but it's useful to know. May even be worth starting a thread with it if people are interested.

 

[Dodger]

I'd say it was a good idea Iain, not really of interest to me at the mo but to others it would be I'm sure.

 

[harunh]

Iain are u a window cleaner aswell

 

[M.K Cleaners.co.uk]

Not as high as mine!lol.

I'm pretty hot on who owes how much and how old the debts are but I know how business is at times so I never issue late payment fees unless things get silly or I think the customer is using me as an interest free loan.

Is everyone clued up on late payment charges and interest or is it worth me posting the info here? It's only for commercial debts but it's useful to know. May even be worth starting a thread with it if people are interested.

Probably not haha,

You can charge interest on late payments, Interest rate is based on the Bank of Englands base rate? Something along those lines anyway

 

[Iain]

Iain are u a window cleaner aswell

Like I have time now!lol. No I used to manage a large window cleaning team in London a while ago.

I'll start a thread with the information for late payments then people can ask questions and get some answers too. It's purely commercial debts so they won't be relevant to private debts but maybe I can integrate something for this too.

 

[koopmaster]

george says mine is £257

 

[Gmeister]

Wow thats like a week wage init u need to go collect that!!

 

[harunh]

I wont let mine go over £100.00

 

[koopmaster]

A week !!! ,no its about a day and a half wage

 

[All Round Cleaning]

I wont let mine go over £100.00

You not got much choice H if the custy's in you don't get paid simples .

 

[Masons]

Right now 1 job owes me £460.

Sucks.

 

[Masons]

But mostly the money owed to me at end of month amounts to 400.

 

[harunh]

You not got much choice H if the custy's in you don't get paid simples .

True

 

[rcproperty]

Like I have time now!lol. No I used to manage a large window cleaning team in London a while ago.

I'll start a thread with the information for late payments then people can ask questions and get some answers too. It's purely commercial debts so they won't be relevant to private debts but maybe I can integrate something for this too.

i have a late payment charge on all my invoices domestic and commercial! thats why i dot have any outstanding money owing to me!

 

[Iain]

Good job RC. I wouldn't be suprised if no one owes you money if you tell them upfront that you charge interest. Have you ever had to enforce it?