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The 60-day payment trick my accountant swore by backfired on me
My accountant told me to stop chasing invoices for 60 days so clients would see me as patient and keep hiring me. I tried it with a landscaping company that owed me $3,400 for drainage work in Austin. They paid the big contractors on time but pushed mine to day 75 because they knew I wouldn't push back. Now I send a polite reminder after 10 days and a firmer one at 30, no exceptions. Has anyone else had a lender, accountant, or advisor tell them to be too lenient and it cost them?
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wade_anderson3d ago
and it's wild how many "professionals" push that whole be patient thing, my bookkeeper said the same when I was doing freelance web work for a real estate office, told me to wait 45 days to look chill, they ended up paying me at 90 and only after I sent a super awkward email asking if they forgot, I mean maybe it works for some people but in my case it just told them I was fine with being last in line, now I have a 15 day reminder set automatic and honestly the clients who get annoyed by that are usually the ones who were gonna pay slow anyway.
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