Super tight monetary policy

[Devil with bad attitude]

Tinting tips for 2015.....

 

One of the most successful policy decisions for any business is to have an unbelievably tight control of your ins and outs.

Have virtually no debtors and little creditors.

 

I can honestly say I have only one payment outstanding as I speak and that job is 100% fine having been done only a few days ago.

 

That's my biggest tip for the year to all you shop owners and newbies.

 

Have a merry Xmas all and happy new year from downunder.

 

Devil

[Counterpart]

Accept credit cards Dev, let the banks extend the 30 or 60-days interest-free credit line to your custy.

[Devil with bad attitude]

No don't even do that FC....pay via the customer's Iphone and do a direct deposit at the time of collection of the car.

Works every time.

Dev

[TomTint]

We have a significant amount of 2014 work that will not hit our account until 2015 sometime. Although I would like to get paid COD, it is not realistic in commercial work.

[Roach]

Agreed with Tom... unless there are some tips to avoid it.

 

I'm still owed from several jobs completed recently. I've love to have the invoices paid sooner, but I'm not sure if there is even anything I can do to speed up the process. 

[Counterpart]

For commercial jobs, the odds of defaults are much higher when we are dealing with middlemen (not owner-direct).

[Devil with bad attitude]

Agreed with Tom... unless there are some tips to avoid it.

 

I'm still owed from several jobs completed recently. I've love to have the invoices paid sooner, but I'm not sure if there is even anything I can do to speed up the process. 

You can do something Roach and that is to forgo embarrassment at the time of receiving the order to ask if payment can be organised on the day of completion.

 

That will suss out details there and then and if that's an issue, then arrangements can be made say for payment in 7 days.

 

If that doesn't work, then you'll know exactly when you should be paid for it and whether or not you want to be party to that.

 

I'd go as far as saying most jobs that are generally large "try on" terms to the shop owner knowing that if they can delay payment, they win short term.

 

Devil

[Devil with bad attitude]

Large payment done....not a debtor in sight and that's a brilliant effort even if I have to say so.  
Devil

[MikeMN]

We have a significant amount of 2014 work that will not hit our account until 2015 sometime. Although I would like to get paid COD, it is not realistic in commercial work.

 

 

Tom, lets not forget the ones that hold back a % of the total PO for up to a year.

[Devil with bad attitude]

 

We have a significant amount of 2014 work that will not hit our account until 2015 sometime. Although I would like to get paid COD, it is not realistic in commercial work.

 

 

Tom, lets not forget the ones that hold back a % of the total PO for up to a year.

 

I wouldn't do that work Mike.

 

There are so many other minnow jobs out there that are just as tasty and get paid immediately for.

Devil