Payment in advance

[Spirits High]

My standard arrangements for payments are; Booking fee payable with return of contract and the outstanding balance due 14days before event.

Had a client get back to me from an Aug 10 enquiry saying they want to book and pay the full amount when booking. Their Wedding is not until Feb 2012 :eek:

Anyone else had someone paying in full so far in advance?

[soundtracker]

My standard arrangements for payments are; Booking fee payable with return of contract and the outstanding balance due 14days before event.

Had a client get back to me from an Aug 10 enquiry saying they want to book and pay the full amount when booking. Their Wedding is not until Feb 2012 :eek:

Anyone else had someone paying in full so far in advance?

Yeah, had one last February pay for this April!

[mattydinx]

Yeah, had one last February pay for this April!

In this situation, did you consider the VAT increase? - or did you simply append to last years accounts?

or was it simply a case of, "you paid before the VAT rise, so no additional costs to pay"

(assuming you're VAT registered)

[soundtracker]

In this situation, did you consider the VAT increase? - or did you simply append to last years accounts?

or was it simply a case of, "you paid before the VAT rise, so no additional costs to pay"

(assuming you're VAT registered)

I'm not VAT registered, but if I was, it wouldn't have made any difference as I do not have a crystal ball or indeed insider access to a future Government's fiscal policy, despite the fact that I was once a Young Conservative!

[Solitaire Events Ltd]

I'm not VAT registered, but if I was, it wouldn't have made any difference as I do not have a crystal ball or indeed insider access to a future Government's fiscal policy, despite the fact that I was once a Young Conservative!

I have to include the Vat as I could not possibly start telling clients that their function is going to cost more as the rate of Vat has gone up. I make a small loss which is annoying, but there isn't a lot I can do about it.

[soundtracker]

I have to include the Vat as I could not possibly start telling clients that their function is going to cost more as the rate of Vat has gone up. I make a small loss which is annoying, but there isn't a lot I can do about it.

Totally agree, sometimes you just have to bite the bullet!

[Solitaire Events Ltd]

Totally agree

You would do - you aren't Vat registered! :D

[Charlie Brown]

I had one bride pay £50 a month until the sum had been cleared, so now I offer a 0% pay monthly option.

[Dynamic Entertainment]

I had one, pay completely upfront in cash...then got jailed for drug related crimes before the wedding :(

[Vectis]

I offer a 0% pay monthly option.

Since when did you become a licensed credit broker? :o

If you're offering payment arrangements such as this, you need to be VERY careful what you call them.



Back to the OP I've had the occasional payment for 18-24 months in advance. You usually find that they're paying off one thing at a time as they're earning it rather than saving and potentially blowing it on something :o

[Charlie Brown]

I had one, pay completely upfront in cash...then got jailed for drug related crimes before the wedding :(

:lol:

How did you find out what he was jailed for?!

If I was a bride, I certainly wouldn't broadcast it!