| 11:08am Jan 2, 2002 PST (#1 of 8)
Our payment terms are currently "payable upon receipt". I am considering changing them and wanted to find out what terms other agencies use.
Thanks,
Monica Pask
Coyne Beahm Inc.
11:08am Jan 2, 2002 PST (#2 of 8)
Our payment terms are net 10 days.
Lynnette Kokomoor
Bandy Carroll Hellige
11:09am Jan 2, 2002 PST (#3 of 8)
Net Due 30 days. I have two big accounts that pay Net 45, but I am able to access their auto voice system that tells me when payments are scheduled so it helps with planning.
Shannon Ellis
Business Manager
Tackett Barbaria Design Group
11:09am Jan 2, 2002 PST (#4 of 8)
I try to bill either 50/50, 100 up front or net 30. I have been lucky in that I do not have to charge any finance fees. If someone take longer than 30 days on one invoice, I insist they pay me up front on next job. It seems to work out.
Felica
Benton Newton Advertising
11:12am Jan 2, 2002 PST (#5 of 8)
Net 30 since many companies consider "upon receipt" as payable in 30 days.
Sheryl Creech
LJF Associates, Inc.
11:12am Jan 2, 2002 PST (#6 of 8)
We're a design agency, and use terms of Net 30. The only exception is, obviously, billed advances for a job which are due on presentation.
Brent A. Byrd
Point Zero, Inc.
11:13am Jan 2, 2002 PST (#7 of 8)
We use net upon receipt as well. It appears our clients pay within 30 days, however, when it comes to collateral and broadcast clients, we are paying those out of pockets up front, and at the proposal stage our clients know what our terms are. It seems typical in the service industry that terms are "net." It is very similar to CPA firms and law firms.
Sandy Krumenauer
Accounting Manager
The Zizzo Group Advertising, Inc.
11:15am Jan 2, 2002 PST (#8 of 8)
Ours are Net 30, Net 45 for big accounts
Roxanne Cowan
Rutherford Bolen Group Integrted Marketing
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