30 day pay cycles....

Hi All ~

I have a client who wants to put me on 30-day pay cyles where work done from the 1st thru the end of the month would be invoiced on the 1st of the following month and paid on the last day of that month.  Basically, if I don't agree to this, I will lose the client...UGH!

Now, my question is this....how many of you MTSO's pay your MTs once/month?  Are your MTs ok with this?

I've been sitting here racking my brain on how I could work it so that the MTs still get paid twice/month, but I can't seem to figure this out!  The is a LARGE account, so I have to be careful in over-extending myself before my pay comes in for my client. 

Do any of you have some advice for me on how I can adjust the cycles to keep everyone happy? 

• 30 day pay cycles.... - ImaMTSO
  • Apply for a business loan to meet payroll. - No one starts a business without cash. nm
  • This is the very reason I am no longer a MTSO sm - Was a MTSO sm
    • I don't know about others but this was - me too...sm
  • Billing once a month is not a biggie BUT - SM
  • will they negotiate at all? - Jessica
  • 2 months before they pay you? - MTinNC
  • Have you looked into PRN Funding? - Tink
    • Just looked... - ImaMTSO
      • I'm not an MTSO, just remembered seeing their ad, thought - it would suit you :) Tink nm

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