Re: [NF] Retainer Billing

Author: Paul McNett

Posted: 2008-07-11 at 18:11:14

Virgil Bierschwale wrote:

> Thanks, so if I invoice monthly, that would be approximately 6 weeks worth

> of billing.

> Say I get 50 per hour, that would be 12,000.

>

> Do your clients balk at that ?

I'd rather them balk and say "no, thanks" before I've done the work.

But I tend to work on a few projects/clients at a time, so any one

client won't be that high in a given period (well, sometimes they are).

My biggest client I trust implicitly (I know, probably a bad idea) and

I've never had a retainer system set up with them.

> I only got burned for about 1,200 but it was enough to wipe me out as I had

> no reserves and utilities come around real regularly.

> Started the BBB and small claims court stuff yesterday morning.

> I'm pretty sure I will get a judgement, but probably never collect the

> funds.

>

> I had a previous client that I developed a VFP electronic invoicing (kind of

> an EDI application) for last year contact me this morning about another one,

> so hopefully that will help if it materializes.

Good luck!

Paul

©2008 Paul McNett