[Chugalug] OT: NET15 Terms

Dave Brockman dave at brockmans.com
Fri Dec 21 17:16:24 UTC 2012


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On 12/21/2012 11:54 AM, Aaron Welch wrote:
> It is invoiced, but payment is due within 15 days.  I assess
> penalties if it is late.

Most accounting software puts a date on an invoice (once you go
through the process(es) to "release" the invoice).  Most accounting
software starts a count-down from that point, and assesses penalties
based on the invoice date and customer terms.  I process an invoice on
the first to a NET15 customer, penalties are assessed on the 17th if
not received.  Bureaucracy has a way of horribly complicating the most
simple of concepts.  That speak of payment cycles, etc you mentioned
sounds exactly like that, bureaucratic BS to magically extend NET15
into NET45 or some other such BS....

Regards,

dtb


- -- 
"Some things in life can never be fully appreciated nor
understood unless experienced firsthand. Some things in
networking can never be fully understood by someone who neither
builds commercial networking equipment nor runs an operational
network."  RFC 1925
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