S - l - o - w payers.

[BolshieBastard]

Intelligent Consulting. You have been warned!

Takes at least 15 days from receipt of invoice \ timesheets to BACs run and payment to your limited company. (My co has received the remittance advice.)

[Spacecadet]

Intelligent Consulting. You have been warned!

Takes at least 15 days from receipt of invoice \ timesheets to BACs run and payment to your limited company. (My co has received the remittance advice.)

Thats 6 times faster than one of my direct clients!

[BolshieBastard]

Thats 6 times faster than one of my direct clients!

Direct (nearly) always means slow payment, sadly!

[Scrag Meister]

Intelligent Consulting. You have been warned!

Takes at least 15 days from receipt of invoice \ timesheets to BACs run and payment to your limited company. (My co has received the remittance advice.)

What terms do you put on your invoice?

I wouldn't have thought that was totally unreasonable.

[BolshieBastard]

What terms do you put on your invoice?

I wouldn't have thought that was totally unreasonable.

It doesnt matter what terms you have on your invoice, it has everything to do with the schedule in the contract.

This says something along the lines of invoices at their office by the 5th of the month will be in the company bank account by the 10th of the month. But it never has been.

Still, Im no longer working through them and posted this as a warning to anyone else who is potentially going to go through them.

[stuart_75]

My agency (Project People) take 2 weeks to pay then 3 days waiting for the BACS transfer. It could be a lot lot worse!

[Wanderer]

This says something along the lines of invoices at their office by the 5th of the month will be in the company bank account by the 10th of the month. But it never has been. Still, Im no longer working through them and posted this as a warning to anyone else who is potentially going to go through them.

Why don't you go back through your invoices and send them an invoice for a penalty and interest on all of the late paid debts?

[BolshieBastard]

Why don't you go back through your invoices and send them an invoice for a penalty and interest on all of the late paid debts?

As I've said, Im no longer through them and its just the inconvenience of it all. TBH, people are wasting their time sending penalty invoices for late payment when its only for a number of days. Penalty invoices are only ever going to get paid when its for a very large amount and after taking legal action.

[d000hg]

2 weeks, pah. Hardly seems a big inconvenience unless you're living hand-to-mouth or expect to get canned and not paid because you're crap.
On the other hand I suppose there's no big reason they shouldn't pay as soon as they get the invoice, unless they check with the client to make sure timesheets were signed and so on?

[Wanderer]

As I've said, Im no longer through them and its just the inconvenience of it all. TBH, people are wasting their time sending penalty invoices for late payment when its only for a number of days. Penalty invoices are only ever going to get paid when its for a very large amount and after taking legal action.

A mate went through all manner of trouble with an agency not paying on time (they were just useless, not malicious) and his accountant did the calculations of late payment charges and interest for him to invoice the agency with. He got paid too, hopefully the agency bucked their ideas up after that.