Current Outstanding Customer Debts .

Discussion in 'Chit Chat & Introductions' started by All Round Cleaning, Aug 24, 2012.

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  1. All Round Cleaning

    All Round Cleaning Grand Master
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    Whats your average ammount owed to you per month ?

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

    harunh Legend
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    minesa bout 42 pound.. thats about 5% aswell lol
     
  3. Dodger

    Dodger Hero
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    Mines 7 quid which is approximately 147% of my current turnover.
     
  4. rcproperty

    rcproperty Hero
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    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.
     
  5. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    I dont know mine but its high, way higher than all yours lol
     
  6. Gmeister

    Gmeister Grand Master
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    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)
     
  7. Iain

    Iain Guru
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    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.
     
  8. Dodger

    Dodger Hero
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    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.
     
  9. harunh

    harunh Legend
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    Iain are u a window cleaner aswell
     
  10. M.K Cleaners.co.uk

    M.K Cleaners.co.uk Grand Master
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    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
     
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