Do you pay your rates bill to get the discount offered? Most people do. So, if you’re a service provider and want to get paid more quickly by doing VERY little then consider offering “phantom” discounts on every invoice. (It’s like charging Late Charges without having to go through the process of having to have everything signed off in your initial paperwork.)
Some will pay the lower amount later than the “deadline” (23 May). But they’ll probably pay earlier than they would have otherwise. AND, if you have to follow anyone up for payment, chase the larger amount ($419.00) and accept the lower amount IF they object (that’s the amount you really wanted in the first place) and you’ll be seen to be doing them a favour. You’re the Good Guy yet again!
Most clients will pay to
- get that discount and to
- avoid any confrontation.
This fee, if paid on or before the close of business of
23 May 2014 – $ 344.50 + $ 34.50 (gst) – Total payable – $ 379.00
After 23 May – $ 380.90 + $ 38.10 (gst) – Total payable – $ 419.00
… where $379 is the amount you expect to receive.