Off topic: Getting paid
Thread poster: Dimitri Van Vossel
This is not so much a question, but rather a promise. I've been visiting Proz.com daily since I got my job in Italy and have worked on 5-6 translation assignments through Proz. We're now approaching the 'magical' 30-days-after-invoice boundary and I promise that, if I get paid for 80% of the assignments I've worked on (and am working on right now), I will become a member...It's true that translating these smaller assignments has been fun and it has taught me a lot, but there's just this gnawing on my brain, a kind of scepsis if you will Keep your fingers crossed!
| | Steffen Walter
Local time: 14:05
English to German
| Why give clients that leeway, Gerard? || Jul 24, 2006 |
Gerard de Noord wrote:
Did you sign POs stating 30 days net?
Did you issue invoices stating 30 days net?
In both cases, expect to be paid withins 60 days. After that period harass your clients.
You should start chasing your clients after the 30-day period has elapsed. Otherwise you'd provide them with another big (and long) opportunity to come up with all possible excuses. In addition, you'd grant them a non-interest bearing loan for this extra period. Not viable at all from a business point of view - we all have to pay our monthly dues, haven't we? This has to be reflected in our income stream if we want to be successful in the long run.
By contrast, and that's what I ALWAYS do (although it may sound obvious), you should issue your invoice as soon as your client received the job - or even send the invoice together with the assignment - in order to accelerate the process.
Also, my experience regarding payment practices tells me otherwise - most, if not all, of my clients with a term of 30 days net pay within that period (or just a few days late). Perhaps just a question of different market segments?
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