collecting payments

[Jon Page]

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A few times I have increased the bill by $10 and noted that
a $10 discount is applied if paid by  . . . . .

Sometimes they take advantage of the discount, sometimes they don't.

Jon Page


At 07:57 PM 1/5/00 -0500, you wrote:
>In a message dated 1/5/00 10:41:09 PM !!!First Boot!!!, harlip58@yahoo.com 
>writes:
>
><< I am a piano technician in Great Neck, NY, servicing
> homes, schools, churches and organizations, ie.
> theater groups, arts councils, etc.  When I tune for
> schools, churches or theaters I have to send or leave
> bills for services performed and wait for payment.  I
> am considering printing payment terms on my bills,
> specifying a time frame and a penalty if that time
> frame is not met.  What are generally accepted terms
> in the piano service business? >>
>
>
>18% per year, prorated  at 1.5% per month. Or you can charge a late payment 
>fee of $5.00 if payment is sent after 30 days. 
>
>I once gave a $5.00 discount to those who sent in the payment within 30
days, 
>reasoning that if I gave an incentive for sending in payment on time, I
would 
>get the money sooner. But then I got to thinking. Why give someone a $5 
>discount for holding on to your money for 30 days, when people who pay on
the 
>spot don't get a discount? 
>
>Although it is not a bad idea to put a late fee charge on the bill, what are 
>you going to do if they don't pay it. On a $70 tuning 1.5% per month is 
>$1.05. That is not worth going to small claims court. You would be much 
>better off giving them a call, or sending them a reminder note after 30
days. 
>
>If a school or church is in the habit of sending checks 60 or 90 days late, 
>tell them you're too busy, or that you need a check before you go and tune. 
>Don't tell them to have a check waiting. What are you going to do if they 
>don't have one when you show up? 
>
>If you know in advance you have to wait for a check, then you can budget 
>accordingly. If you get to a point where you have too many open accounts, 
>don't accept the tuning appointments.
>
>Just my 2 cents worth
>
>Wim
> 
Jon Page,   piano technician
Harwich Port, Cape Cod, Mass.
mailto:jonpage@mediaone.net
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