Lessons in Accounts Receivable
Customer: How much are those parts?
Me: They’re not too much, about $500.00 or so.
Customer: Do I have an open account with you?
Me: No, it doesn’t look like your account was ever opened.
Customer: What’s the hold up on that? Why isn’t it opened?
Me: Probably because you have no money and don’t pay on time.
So I didn’t say that last thing, but give me a break. Why do people expect everyone to give them an open account? If you don’t have an established line of credit, no one is going to front money or product to you. If you can’t buy it from us, go buy it from someone else that is foolish enough to give you terms better than payment on delivery.
