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I run my business as a sole proprietorship. Carpentry and remodeling. Bids always have payment schedule. I don't take any thirty day net jobs. Payment in full, including change orders, upon completion. I also have a couple disclaimers on estimate and invoice forms stating that late payments will begin to accrue interest at 18% seven days after bill is presented, with interest accruing from date bill is presented. Another disclaimer is that client is responsible for any bank charges put to me by their bank for cashing checks. Basically at RI banks do it if you don't have an account there. Last resort is filing a mechanics lien. Only done that twice. Client refused to pay $1200 for a new tub. The drain on the old one was compromised. They went to sell their house and it came up.... They ended up paying the 1200 PLUS a very high interest rate set by the courts, which was based on the cost of the entire job, not just the 1200 they owed me. Came to just under 3 grand. Payback is a beotch. Just waiting for the other deadbeat woman in Salem to sell or refinance.... that one is going on over ten years and will be a doozy.
I would be all over that corporation... Their software excuse is BS. Turn up the heat. Take a day and go to their offices. Send the certified letters with demand and interest due. Make the phone calls. I am a bear when it comes to this stuff. I am in the process of setting up a collection system for my mechanic who has close to 300K out.... Good mechanic, lousy businessman. Makes my 6000 in bad debts/accounts receivable look like nothing.
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