7 day invoice

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PR Painting
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Joined: Fri Oct 12, 2012 11:24 am
Location: Brisbane QLD

7 day invoice

Post by PR Painting » Sun Oct 14, 2012 10:12 am

Hi guys, I thought i would share what we do, which is probaly mandatory these days... We issue a 7 day invoice on completion of job. Depends on size of job if we ask for a deposit, quarterly payment or halfway payment. I think the 7 days is standard and most people are happy to pay within this time...What are your terms for payment?...happy painting
Residential,commercial and body corp painters

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Location: Fiji

Re: 7 day invoice

Post by Pacificpainters » Wed Oct 17, 2012 2:44 am

Thanks PR

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Re: 7 day invoice

Post by janiw88 » Tue Mar 05, 2013 10:57 pm

Yes, 7 days invoice is a good option. Thanks for sharing
Life is about Colors

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Joined: Tue Oct 01, 2013 6:32 am

Re: 7 day invoice

Post by lnlpainting » Tue Oct 01, 2013 10:21 pm

We always issue 7 day accounts...but not always are they paid by the 7 days!

PDT Armour Coatings
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Joined: Sat Nov 23, 2013 8:13 pm

Re: 7 day invoice

Post by PDT Armour Coatings » Wed Feb 26, 2014 12:47 pm

We take a 10% deposit on acceptance of quote, with progress payments for larger jobs, or jobs performed in multiple stages around other trades etc.
All invoices apart from deposit (which are prepaid) are 7day invoices.

I usually do a $500 retention for clients at the end of a larger job (usually $6500 and up) which I bill out after 2 weeks to make sure they are happy. I have found this taking a $500 retention gets the main invoice paid quicker as they are not hesitant to hand over the money before they have thoroughly checked it. It is a sign of good will, for theirs.

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Location: Sydney

Re: 7 day invoice

Post by EdwardThirlwall » Mon Nov 17, 2014 2:45 am

It really depends on the size of the job undertaken. If it is a small paint job, then 7 days is pretty rational and a common timeframe. However, if it involves a much bigger area like a storage facility or other commercial locations, then progress payment methods are highly advisable. This is especially true if the project is going to last over a period of time and not just a week or so.
Edward Thirlwall
Storage in Sydney CBD

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