How much have you got owed out?

« **on:** October 10, 2009, 07:49:11 pm »

Hi guys,

Just a quick poll as too how much you have or allow to be owed out,

I got stung last year for £7000 (which including fuel, wages and other expences was well over £10000) so Im always frightened to allow invoices to build up,

Apart from a few who I trust alot, a few of them who come on here, Ive found myself scared of allowing a debt to build up.

Will this approach frighten off new clients do you think?

« **Reply #1 on:** October 10, 2009, 07:52:09 pm »

i just got stung someone who owed twice has moved,thats my limit unless i know them

« **Reply #2 on:** October 10, 2009, 07:55:17 pm »

I got about £800 outstanding at mo £400 owed by a residential home and the rest is domestic.

« **Reply #3 on:** October 10, 2009, 07:55:57 pm »

Quote from: Stan The Man on October 10, 2009, 07:52:09 pm

i just got stung someone who owed twice has moved,thats my limit unless i know them

I'm normally quite a calm bloke until sh**e like that happens

« **Reply #4 on:** October 10, 2009, 07:57:15 pm »

Im not sure if the guys who have less than £100 owed out are very lucky or very unlucky

« **Reply #5 on:** October 10, 2009, 08:02:45 pm »

i try to clean when most are in so keep an eye on the percentage so to speak
most of my work is dom so make certain of banking then do work i trust
3 strikes rule for money i cant get in.

« **Reply #6 on:** October 10, 2009, 08:17:19 pm »

week in week out i'm owed £100 or there abouts everybody is not in all the time so at the end of the week i don't always get all my money you get used it don't you

??

« **Reply #7 on:** October 10, 2009, 08:27:27 pm »

I average €3000 - €4000 owed despite my efforts to reign it in. The majority is commercial which is paid after 60 days though,.. I know its coming but the amount builds up very fast.

« **Reply #8 on:** October 10, 2009, 08:32:41 pm »

3000-4000 you must be a rich man to have that outstanding

« **Reply #9 on:** October 10, 2009, 08:36:32 pm »

over 12k last time i looked but this is for lots of different jobs mainly commercial some pay 28 days some pay 28 days from month end and some quarterly but all the customers that owe are regualar clients.

i got done for £840 once but i try to have procedures in place to reduce this

« **Reply #10 on:** October 10, 2009, 09:24:15 pm »

two jobs at 550 and 80 at minute

About 500 on resis

Usually have about a weeks wage out at one time!

« **Reply #11 on:** October 10, 2009, 09:27:02 pm »

Quote from: deantaberner on October 10, 2009, 07:57:15 pm

Im not sure if the guys who have less than £100 owed out are very lucky or very unlucky

they cant have much work

« **Reply #12 on:** October 10, 2009, 09:30:29 pm »

Between 1500 & 4000 euro's all domestic but I do work an 8 weekly round and all customers have 14 days to pay.

Cheers
Dave.

« **Reply #13 on:** October 10, 2009, 09:36:59 pm »

I'm getting annoyed by a cust that owes me £23 for 3 cleans. I think I'll stay small time

« **Reply #14 on:** October 10, 2009, 09:50:59 pm »

Around 8k at the mo.

« **Reply #15 on:** October 10, 2009, 10:16:48 pm »

Thats what I was thinking Stan,

Maybe wrong though.

« **Reply #16 on:** October 10, 2009, 10:20:18 pm »

You haven't got a section for £500-£1000 - which is where I am.

BTW - most of this is commercial which isn't bad debt; just not due yet. (typically 30 days net)

« **Reply #17 on:** October 10, 2009, 10:20:44 pm »

fluctuates between 10 & 15k

« **Reply #18 on:** October 10, 2009, 10:23:15 pm »

Quote from: Gold on October 10, 2009, 10:20:18 pm

You haven't got a section for £500-£1000 - which is where I am.

BTW - most of this is commercial which isn't bad debt; just not due yet. (typically 30 days net)

Thats the section that doest exist Gold sorry

« **Reply #19 on:** October 10, 2009, 10:35:10 pm »

always to much owed, but managed well to keep it down

Poll

How much have you owing on either Commercial or Domestic?