All I can find is info on how to record financing the business takes out. We are doing some work where we will be billing 20% up front with the remainder being installments over 36 months. Id like to have monthly invoice sent out automatically (digitally). We arent doing interest (currently) but will apply late fees.
Im going to charge for paper invoicing so I may have to add that as line item to the invoice I assume its not complicated, but im Quickbooks dumb and this is online so everything is different than desktop or so Im told On the same note, offering this kind of self financing I know may turn south quick, and there are those business financing companies out there Id prefer not to deal with, both because they take their cut and some folks might not meet their funding requirements. but these wont be small financings for me, nothing more than 20k, so you rich guys probably just handle that risk out of your couch cushion change. Ill be having my attorney write the contract on further instances, but one job is already about done with just an informal written agreement. Is it a terribly bad idea, or just a generally bad idea? The 20 percent will almost always cover the expenses, with the goal being to keep a rolling recurring revenue. We wont finance materials right now, thats an out of pocket for the customer at this time.
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