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Account or Deferred

When faced with a customer that wants to pay later FloristWare gives you two main options - you can charge the sale to a house account or you can "defer" payment. Both options are similar in that they involve making a sale now and arranging for payment later. The real question is which method is better.

We believe that you should only ever give an account (and charge privileges) to people or companies (usually companies) that purchase from you on a regular basis. If they purchase often then an account and the things that come with it - like the ability to generate statements, etc. - really make sense.

If it is a person who just orders a few times a year "deferring" is probably the better option.

There is one exception. If you have someone who is making a very large one-time purchase (a bride would be a good example) and they want to be able to make deposits prior to receiving the goods and/or make payments on an ongoing basis afterwards it is probably better to set up an account. It can then be closed out when the wedding (for example) is over.

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This page contains a single article posted on February 8, 2008 3:29 PM.

The previous article was Great Independent Florist Website.

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