Randy Charles Morin blogs for the sake of blogging.
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This is the 2nd time in a year that someone who owes me money says net-60 days, actually the other was net-75 days. This means they pay 60 days after the earnings are earned. In most case, the earnings are from a monthly period, so in fact, you are getting paid 90 days later for earnings on the first of the month, 89 days later for earnings on the 2nd of the month, etc. And after waiting 90 days, you find out they are late with the payment. They had 90 days to pay me and they couldn't do it. Their clients, like me, get pissed and this affects their work. In turn, this affects their co-workers. It's stupidity like this that causes these companies to drop in productivity.
Then I find out that accounts payable didn't receive my invoice because some guy forgot to do his job. I yell and one week later I have a cheque. In other words, they can cut a cheque on the spot. The 90 days is just to piss you off. If you are paying people more than net-45 days, then you likely have a lot of clients who would rather work for someone else.
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