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Joel's Friday Pro Tip

Writer's picture: Joel WhiteJoel White

Mastering periodic payments on longer term projects:


Ok:

36 payments of $10,000, invoiced monthly starting January 2022 through December 2025.


Better:

36 payments of $10,000, invoiced at the beginning of each month, starting January 2022 through December 2024.


Excellent:

12 payments of $30,000, due at the beginning of each calendar quarter, starting January 2022 through December 2024.


Mastery:

Invoicing those quarterly payments ~30 days prior to the beginning of each quarter, so that payment is actually received by the day the contract says it is due.

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