Payment For Services - Net 7 days, 30 days, 60 days, 90 days, 120 days, 180 days ... What are your terms?

If you are the payor of the bills for your company, what are your company's payment terms? If you are the supplier of goods or services to a company what are the payment terms of your customer?

Option: Please state if you feel these terms are good and why / or not good and why.

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As a provider of goods and / or services, you can put whatever terms you want on an invoice or fee schedule..it's better to think through and plan a collection strategy.
Hi Im currently unemployed. I had worked for a non-profit as an employment specialist which is
job development. In the 90's I ventured with the help of my father to run a home based referral service catering to the Legal/Accounting and Banking field. I did everything from Marketing which meant sending out literature-to posting on College Sites to actually visiting Universities and attempting to meet with their HR Staff. I sent out letters to KPMG and ERNST and after 6months mail solicitation had them sign agreements. Unfortunately the market was volatile and I found through reading a book on sales(How to sell the Invisible) that I was undercutting myself by asking for only ten percent. Only when I raised the asking rate did I get responses. Even then KPMG needed Tax LLM's to go to Florida for $60,000-at the time that was what an Assoicate Level Programmer or computer technician was making in New York. I found the work interesting worked 6 days helping my father in a little venture selling vitamins-I tried my hand at waiting , I took the test to become an interpreter witht he courts through Berlitz at the time. Nothing seemed to work. I went to register for Berlitz and at the time found an advertising job that seemed to be offerring full time stable work and ceased trying. Yes I should have gone to the Chamber of Commerce- Yes I should have worked with the community trying to locate administrative staff jobs-it could have worked-I did not. But through the experience of working with Agencies in Manhattan New York they were asking for Net 10 days or pro-rated over 90 days 1/3 upon placement and the other two thirds after. This woman of course had contacts and a sister with Many Manhattan Contacts. I was asking for 10% then 20% pro-rated the asking. After ceasing operations I went to work for a woman who was trying to set up what would now be referred as a Workforce Center. She wanted to offer real estate, Insurance and Temporary search and staffing services from one location. she charged per hour aproximately three dollars for the smallest jobs and she had a schedule. She charged a company per hours worked by her employees which meant week;ly. The most recent which waas a non-proifit under a contract with several grant funding organizations was 1/3 after two weeks of placement-which took more like one month and then 1/3 at 90th and another third wouold be at the 180 days This was to ensure that the candidates sent by the Human Resource Administration, youth to career, or clients that were walk in's serching to improve their salaries or to find better would remain at their jobs and that the fit was a good fit. What state are in and if I may be so blunt to ask what is the name of your agency/ IT or Finance

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