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> Negetive Balances
Jan
post Jun 29 2009, 08:33 PM
Post #21


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QUOTE(DavidFisher @ Jun 29 2009, 09:20 PM) *
Seriously?
30 days seems like lending to me. Isn't that what banks do?
I understand the concept of free credit but it isn't something I actually advocate.

In many businesses, Shell direct debit customers at the end of each day to ensure cash is collected as soon as possible. It allows for the customer to organise smaller security so benefits them too.

30 days worked when things like cheques existed but with good value on transfers now routinely occuring on the day of transfer why would any business offer 30 days? Large buyers may insist on 30 days but that is just managing working capital. It certainly should not be a starting point for negotiating when a new customer makes enquiries.

David



B2B is not B2C.


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Stuart
post Jun 29 2009, 08:34 PM
Post #22


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QUOTE(DavidFisher @ Jun 29 2009, 09:20 PM) *
Seriously?
30 days seems like lending to me. Isn't that what banks do?
I understand the concept of free credit but it isn't something I actually advocate.

In many businesses, Shell direct debit customers at the end of each day to ensure cash is collected as soon as possible. It allows for the customer to organise smaller security so benefits them too.

30 days worked when things like cheques existed but with good value on transfers now routinely occuring on the day of transfer why would any business offer 30 days? Large buyers may insist on 30 days but that is just managing working capital. It certainly should not be a starting point for negotiating when a new customer makes enquiries.

David


And I bet they pay all their suppliers on the same day they're invoiced too?

Stuart
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DavidFisher
post Jul 1 2009, 10:12 AM
Post #23


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QUOTE(Jan @ Jun 29 2009, 09:33 PM) *
B2B is not B2C.


99% of B2C is based on payment at point of receipt of goods or services - Tescos don't offer 30 days for instance, going to the cinema etc.

David
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AndrewBucknell
post Jul 1 2009, 10:32 AM
Post #24


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David
stop being cheeky
;-)
a lot of businesses invoice on dispatch thus requiring their customers to goods receive and quality control before authorising payment.
Also there can be consolidated payments, consolidated invoices, invoice addresses with different statement and payment addresses let alone people who only do payment runs once (or more) a month.
Not every business runs fully in real time or is in the top ten largest in the world!! (and some of them don't pay that quickly either)
:-)
Andrew
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JulianW
post Jul 1 2009, 10:38 AM
Post #25


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QUOTE(DavidFisher @ Jun 29 2009, 09:20 PM) *
30 days worked when things like cheques existed but with good value on transfers now routinely occuring on the day of transfer why would any business offer 30 days? Large buyers may insist on 30 days but that is just managing working capital. It certainly should not be a starting point for negotiating when a new customer makes enquiries.

David


Well looking at my cheque book it looks quite real to me. Definitely still exists. Think I have used a good half dozen in the last couple of months.

Julian


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DavidFisher
post Jul 1 2009, 11:34 AM
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Bah!

Here I am trying to say we don't need to rely on snail mail and paper based money, that we can evolve and have real time fiscal operations on a global scale allowing everyone to have instantly updated cash numbers (no need for AR ledgers, debtors and creditors etc) and people seem to like the system invented hundreds of years ago which only benefits the banks.

Ho hum

David
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JackFlashblade
post Jul 1 2009, 12:24 PM
Post #27


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Anyway, back on subject, heros turns should be paid for before being submitted.

This has always been the case.

When heros was run as a PBM you would buy your hero's sheet to fill out, before submitting it to the desk.

If people want credit, get a credit card.

Chris

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