Early Days of Being Self-Employed

[LukeD]

And this might sound mad to many .......dont take cash . It looks un professional and they will be thinking they can also cheat the system and knock you down etc .

 

[UNG]

And this might sound mad to many .......dont take cash . It looks un professional and they will be thinking they can also cheat the system and knock you down etc .

There are times when taking cash is the difference between getting paid or not getting paid

 

[LukeD]

There are times when taking cash is the difference between getting paid or not getting paid

Yep....but offering to accept cash etc or doing "deals" can end up been a nightmare . "Cash" translates to the average person as cheap and fiddling the system. If it goes wrong and it gets to court etc , it can be messy !

 

[nicebutdim]

Yep....but offering to accept cash etc or doing "deals" can end up been a nightmare . "Cash" translates to the average person as cheap and fiddling the system. If it goes wrong and it gets to court etc , it can be messy !

Furnish them with a receipt and it'll make no difference how payment is made.

 

[LukeD]

Furnish them with a receipt and it'll make no difference how payment is made.

£1000 paid online is £1000 in my bank . £1000 paid cash normally ends up with me having to go to bank..so that time and effort and then its £100 short as Ive spent it etc ! .For convenience I prefer the full amount per job paid in . Also clients see a far more transparent transaction.

 

[nicebutdim]

£1000 paid online is £1000 in my bank . £1000 paid cash normally ends up with me having to go to bank..so that time and effort and then its £100 short as Ive spent it etc ! .For convenience I prefer the full amount per job paid in . Also clients see a far more transparent transaction.

Keep a book for cash - while petty cash is generally maintained at lower amounts, there's no reason why you can't keep it out of the bank and make payments to suppliers with it. Saves the hassle of a trip to the bank and the few bob they cream off for lodgements.

 

[LukeD]

I guess most of my clients dont want to pay cash as they see this as a possible "cheat the system" game.

 

[nicebutdim]

I guess most of my clients dont want to pay cash as they see this as a possible "cheat the system" game.

Perhaps they're used to tradesmen who shove the money in their back pocket and aren't ever seen again. What I would state is that there is a world of difference between accepting cash as one of many payment options and insisting on cash payment.

 

[Dustydazzler]

Cash is a funnyone , I do small jobs for older people who like to pay cash and they almost insist that you take cash. They will pay their window cleaners and gardeners cash weekly. But on bigger jobs where I am taking a deposit and stage payments i ask for it to be bank transfer. Its all about a modern professional image these days...

 

[UNG]

Cash is a funnyone , I do small jobs for older people who like to pay cash and they almost insist that you take cash. They will pay their window cleaners and gardeners cash weekly. But on bigger jobs where I am taking a deposit and stage payments i ask for it to be bank transfer. Its all about a modern professional image these days...

I do quite a bit of work for older people and they always want to pay with cash be it £50 or thousands, most don't do digital banking, did a job earlier this year and the guy (in his late 70's) was insisting on doing a few trips to a cash machine and drawing the cash to pay me I had to conince him I was happy with a cheque, I was passiing a post office on my way home so it was not to inconvenient for me to pay it in, this guy has a few rental properties and recently he wanted a little job doing on one of them rang him to tell him the job was done and he told me to call to his house and he would pay me didn't get chance to call as I was busy so a few days later he rang me and told me he would drop the cash off at my house.

I guess most of my clients dont want to pay cash as they see this as a possible "cheat the system" game.

I'm sure a lot of shopkeepers would be offended by that comment