Jeff: If you offer 10% to the schools, etc, on a regular basis, then when you give them a bill, and tell them they can get 10% off if they pay within 2 weeks, then I can understand that. But if you give someone 10% off if they pay within 2 weeks, but they have to pay full price if they gave you the money on the spot, then you are rewarding a customer for giving you your money two weeks late. A long time ago I did the same thing, until I realized I was giving 10% discounts to people who didn't deserve it. Not only that, but some of them took the 10% discount, even if they paid 4 weeks late. On a $50 tuning, it isn't worth trying to get the other $5. Therefore, I gave up giving any kind of discount to any one who I had to bill. I figured that even if a school took 2 months to send my money, if I took that same money and put it in the bank, I would only be earning 3% or 4% per year. ($50 in the bank for 2 months at 4% interest would earn me 17 cents). Its not worth it to me to give them a discount. Willem Blees RPT St. Louis
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