Standing Order payments are you bothering to change?

Standing Order payments are you bothering to...

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Most of my clients are on monthly standing order payment. So far, I have not bothered to go through the hassle of asking clients to change the standing order amount.

This is where Direct Debit facility comes through. I still have not got round to setting this up. Come to think of it I can use the opportunity to set up clients on DD.

Are you asking clients to change SO?

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Image is of a pin up style woman in a red dress with some of her skirt caught in the filing cabinet. She looks surprised.
By Monsoon
03rd Jan 2011 13:11

Standing orders

Yes, I'll be advising those who pay by standing order that as the VAT's gone up, their SO must change.

I haven't thought about when I'm doing it yet though - I guess it's something that needs doing this week in order for the end of Jan s/os to go through for the right amount. Thanks for the nudge!

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FT
By FirstTab
03rd Jan 2011 13:25

Hassle

Thanks Monsoon. It is bit of a hassle, I just do not want to do it. Why didn't I have DD in the first place!

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Image is of a pin up style woman in a red dress with some of her skirt caught in the filing cabinet. She looks surprised.
By Monsoon
03rd Jan 2011 16:26

Why?

Because S/Os are free and DD's cost money?! ;)

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Quack
By Constantly Confused
04th Jan 2011 09:20

Isn't it because...

... DD can be changed by either party at will, SO can only be changed by the customer?

British Gas pulled this on me years ago, increased my payments from £30 a month to £50 a month without telling me.  Once I noticed it was great though, given my bills had been under £30 since I moved in.

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Della Hudson FCA
By Della Hudson
13th Jan 2011 13:16

As I invoice

I've started to reissue SO forms as I raise the annual invoice at which point I review the fees anyway. I stick with SO as it is cheaper and, usually, less hassle for me.

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