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post #1 of Old 07-09-2018, 10:48 AM Thread Starter
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Payments

How do you accept/require payments be made for commercial contracts? Weekly? Bi-weekly? Monthly? Quarterly? Annually and upfront?


How long of a contract should I aim for? Obviously an annual contract would be nice to aim for, but are there any downsides to an annual contract? Is there a term that is more appealing to the client than the other, such as semi-annual, quarterly or on a month to month basis?
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post #2 of Old 07-10-2018, 09:56 AM
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I think a monthly contract would suit most clients. As for payment, in my experience, most businesses don't want the hassle of paying a weekly invoice. Monthly would probably be the best option.
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post #3 of Old 07-10-2018, 02:25 PM
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I agree with jamesg1. Most commercial customers go on a month to month basis. If you do a 1X job for an existing customer or a new customer then invoice Net 7 Days or Net 15 Days or Due Now. Brad BD Janitorial

I have some customers that pay using paypal.com. I send them an invoice via paypal.com. 1 large customer I add on the paypal fee to the invoice each month and the weekly parking charges.

Last edited by bdjanitorial; 07-10-2018 at 02:28 PM.
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post #4 of Old 07-10-2018, 03:44 PM Thread Starter
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So do customers normally pay you upfront or at the end of the month?
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post #5 of Old 07-13-2018, 04:50 PM
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You should set up a one year contract and be flexible. Shorter contract - higher price per month. Longer contract - provide a price reduction. Billing should be monthly and be net 15 IMO.

Good luck!

Eric
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post #6 of Old 07-13-2018, 06:56 PM
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Monthly is typical. Just make certain you turn your invoice in according to their deadline or you could delay your payment by an entire month.
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post #7 of Old 10-28-2018, 11:42 AM
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Monthly is good
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post #8 of Old 07-16-2019, 08:41 AM
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Monthly
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post #9 of Old 08-15-2019, 01:35 AM
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We generally do monthly unless the client has some specific requirements.
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post #10 of Old 08-22-2019, 12:01 PM
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Monthly with Net30 terms is standard, however, we are seeing more and more large clients try to push for 60 days now. Most remit payment via check, but bank transfers are also quite common.

In terms of contract length, with month to month there is less resistance in our opinion. Many potential clients are hesitant to sign a long term contract with an as yet unproven contractor as many have been burned in the past.
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post #11 of Old 10-18-2019, 03:05 AM
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The terms for payment may be different
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