bm_99 Posted January 11, 2012 Share Posted January 11, 2012 Hey all, just finished setting my arc account so can start monitoring (no police cover yet) but wanted to find out what info do i need to get from customers R.E starting up a monthly standing order and also do they need to intiate the payment and or take the paperwork to their bank or should i take it to mine? Thanks Link to comment Share on other sites More sharing options...
fozzies Posted January 11, 2012 Share Posted January 11, 2012 The company i work for invoice a year in advance, no standing order needed. part of maintenance contract Link to comment Share on other sites More sharing options...
PeterJames Posted January 11, 2012 Share Posted January 11, 2012 Standing order is a ball ache, you wont be notified if a customer cancels so you need to watch the figures to make sure nobody cancels, direct debit on the other hand is much more simple made much harder by the banks Link to comment Share on other sites More sharing options...
RichL Posted January 11, 2012 Share Posted January 11, 2012 Standing order is a ball ache, you wont be notified if a customer cancels so you need to watch the figures to make sure nobody cancels, direct debit on *Ding. Handy for late payers though. Do your S/o so they pay in advance, then dont show up for months! Originally said by Charles Babbage On two occasions I have been asked [by members of Parliament], 'Pray, Mr. Babbage, if you put into the machine wrong figures, will the right answers come out?' I am not able rightly to apprehend the kind of confusion of ideas that could provoke such a question. Link to comment Share on other sites More sharing options...
whistle Posted January 11, 2012 Share Posted January 11, 2012 *Ding. Handy for late payers though. Do your S/o so they pay in advance, then dont show up for months! Link to comment Share on other sites More sharing options...
bm_99 Posted January 12, 2012 Author Share Posted January 12, 2012 forgive my ignorence people but whats the difference between standing order and a direct debit. also i understand its better to take money in advance but people just prefer to pay in monthly installements, think the way the economy is at the moment its easier for them I would love the money in advance lol Link to comment Share on other sites More sharing options...
PeterJames Posted January 12, 2012 Share Posted January 12, 2012 DD cant be cancelled by the customer, but the bank wants your first born child as security S/O can be cancelled at anytime by the customer when you have hundreds of them it is quite difficult to keep track of who (if anyone) has cancelled Link to comment Share on other sites More sharing options...
whistle Posted January 12, 2012 Share Posted January 12, 2012 Lol, RBS want almost £2k to set up and supply the software for DD Link to comment Share on other sites More sharing options...
alterEGO Posted January 13, 2012 Share Posted January 13, 2012 Is nobody here using 3rd party DD collection? Link to comment Share on other sites More sharing options...
PeterJames Posted January 13, 2012 Share Posted January 13, 2012 Is nobody here using 3rd party DD collection? I was but now I dont need too, third party is fine but they hang on to the cash too long for my liking Link to comment Share on other sites More sharing options...
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