[Chugalug] OT: NET15 Terms

Aaron Welch n2nightfall at gmail.com
Fri Dec 21 19:18:17 UTC 2012


Give an inch this time...  Set the stage for following the rules now.

-AW

On Dec 21, 2012, at 12:45 PM, Eric Wolf <ebwolf at gmail.com> wrote:

> So one should expect to receive payment for invoice with NET15 terms received by the client on 12/3 by 12/18... Which was my understanding... It looks like I won't receive payment for the invoice until 12/31. I hate to be a dick with a client who is actually paying... but where do you draw the line?
> 
> -=--=---=----=----=---=--=-=--=---=----=---=--=-=-
> Eric B. Wolf                           720-334-7734
> 
> 
> 
> 
> On Fri, Dec 21, 2012 at 10:16 AM, Dave Brockman <dave at brockmans.com> wrote:
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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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