OK - let's talk money...

bsaxman · 06-28-2008, 02:05 PM

Quote:

Originally Posted by dannyzmom

I have had to deal with bounced checks twice in my almost-5-years in this business.

Both times it ticked me off something fierce...

So...let's talk money.
Home office encourages us to close shows within 3-4 days, right? Well, if I have a Friday night show, the checks get deposited on Monday. If there are NSF on any of those checks, I will not know until the FOLLOWING Friday. So, am I supposed to float $ for these people whom I don't even know??

There is buzz about having the guests make checks out to the host and getting one check from the host...I agree with Beth on this one. I don't want my whole show bouncing.

What are everyone's thoughts on how to handle this issue?

I just co-hosted a Princess House show, and the host had people all write their checks to us instead of her, and all I can say is that it was a big hassle! Hosting a show should be easy and risk-free! You know? I did not enjoy hosting for PH and probably won't again. The way I see it, it is my responsibility (as a consultant) to handle the money and I would never want to bring my host into financial issues unless it were ane extreme circumstance. I also tell everyone at the end of the show that I prefer credit card payment but will also accept cash or check. Since I have started doing that, I barely get any checks at all.

The decision is up to each consultant how they would like to handle the money, and the decision my be different for each of us, but I prefer to handle the finances in all aspects.

BethCooks4U · 06-28-2008, 02:59 PM

Quote:

Originally Posted by chefjeanine

Okay all you people in the field of banking, my understanding (according to my bank several years ago) is that it takes weeks before we know if a check actually has cleared. Perhaps now that we have more electronic transactions this has changed but if not, I think we should be aware. I've only had two checks bounce on me in my nearly 500 shows/orders but, it was at least a week after the fact that I became aware that they did not clear.

Has this changed?

Exactly why I use the PC credit card to pay for my shows - it gives me more time to know that all is cleared before it comes out of my checking account.

chefjeanine · 06-29-2008, 05:50 AM

Quote:

Originally Posted by BethCooks4U

Exactly why I use the PC credit card to pay for my shows - it gives me more time to know that all is cleared before it comes out of my checking account.

Thanks Beth. I thought you meant that you knew for sure those checks had cleared.

kaseydee · 06-29-2008, 10:56 AM

I took a lot of gold jewelry I haven't worn in years to a pawn shop buying gold & got $675. For things I couldn't tell you the last time I wore them I think that is pretty good.

chefsteph07 · 06-30-2008, 06:27 AM

Carolyn, did you see that guest this weekend that owed you???

dannyzmom · 06-30-2008, 06:45 AM

Quote:

Originally Posted by chefsteph07

Carolyn, did you see that guest this weekend that owed you???

Yes...she paid me the $ owed from the check (in cash) plus the bank fee. She apologized up, down & backwards, too.

PamperedK · 07-01-2008, 02:00 PM

Well, the card declined so it doesn't matter.

dannyzmom · 07-01-2008, 03:12 PM

You mean when you tried to re-run it?

PamperedK · 07-01-2008, 04:01 PM

Yeah. I just tried it and it declined. I think it was a mistake to do that too because now my show is on hold and I needed it for sell-a-thon.

chefann · 07-01-2008, 04:05 PM

As long as it's resolved by the deadline HO gives you, it'll still count for Sell a Thon.

06-29-2008, 10:56 AM	#44
kaseydee Location: Jacksonville, AR Posts: 1,119 Best Show: 1213 Experience: 1 # of Shows: 30 My Mood:	Re: OK - let's talk money... I took a lot of gold jewelry I haven't worn in years to a pawn shop buying gold & got $675. For things I couldn't tell you the last time I wore them I think that is pretty good.

06-30-2008, 06:27 AM	#45
chefsteph07 Location: Grafton OH Posts: 2,367 Best Show: 1236 Experience: 6 # of Shows: 342 My Mood:	Re: OK - let's talk money... Carolyn, did you see that guest this weekend that owed you???

07-01-2008, 02:00 PM	#47
PamperedK Posts: 847 Best Show: Experience: # of Shows: 50	Re: OK - let's talk money... Well, the card declined so it doesn't matter.

07-01-2008, 03:12 PM	#48
dannyzmom Location: Shivering at the bottom of Lake Superior Posts: 9,025 Best Show: 3649 Experience: 6 # of Shows: 430 My Mood:	Re: OK - let's talk money... You mean when you tried to re-run it?

07-01-2008, 04:01 PM	#49
PamperedK Posts: 847 Best Show: Experience: # of Shows: 50	Re: OK - let's talk money... Yeah. I just tried it and it declined. I think it was a mistake to do that too because now my show is on hold and I needed it for sell-a-thon.

07-01-2008, 04:05 PM	#50
chefann Location: praying for Paige (in MI) Posts: 22,742 Best Show: 2003 Experience: 8 # of Shows: 286	Re: OK - let's talk money... As long as it's resolved by the deadline HO gives you, it'll still count for Sell a Thon.

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