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Could anyone please help me work this sum out? I'm just about to implode with trying.

38 replies

FortunesFave · 20/01/2019 23:24

For what it's worth, I got a "U" in maths GCSE back in the 80s. I show a lot of symptoms of Dyscalculia...I can't work out basic problems. I begin ok then spiral into confusion.

Here's the basics as simply as I can put it. If I've made mistakes someone will hopefully ask about them.

I have a client for whom I write weekly blogs and do a bit of social media too. He pays monthly when I invoice. It's a new arrangement.

When we started I told him the price was $250 a week or $1000 a month. At the first week he paid half up front...so $500.

Then when last week it was time to bill him for the next month which begins today I billed him $1000 again. which is 500 for work done last month and 500 in advance for work yet to be done this month.

He then said he wanted more work from me and how much would it cost. I said it would be $400 per week and he was happy.

But now...he's paid 500 in advance for this month and next months bill will now be larger. How much do I bill him for next month and the month after that? how do I now make it all balance out?

Try as I might I can't seem to work it out. I keep getting confused! I'm a creative...no good at maths.

OP posts:
AnnieOH1 · 20/01/2019 23:28

My first question is are you referring to calendar months or 4 week months (13 payments a year)?

Jamhandprints · 20/01/2019 23:29

How long have you been working for him? How much has he paid you in total so far?

Fightingfit2019 · 20/01/2019 23:30

So he’s now paying $1600 a month? Or is it the initial $1,000 with an extra $400 for each week he wants extra, and if so how many additional weeks does he want?

FortunesFave · 20/01/2019 23:33

Annie 4 weekly

Jame This is the second bill...I just invoiced him last week and he paid on Friday.

Fit Yes 1600 every 4 weeks.

OP posts:
FortunesFave · 20/01/2019 23:35

Fit I'ts not about additional weeks....but more work. He wants more copy written and I've worked out that 400 per week will cover the extra instead of the old bill of 250 per week

OP posts:
bustraintram · 20/01/2019 23:36

It’s very important to clarify how many months he is paying for, because 1,000/month and 250/week are not the same overall.

£1,000 per month is £12,000 per year, whereas £250 per week is £13,000 per year (250*52).

If you were offering the £1,000 per month as a discount compared to him paying weekly, then that’s fine. £12,000 / 52 is approximately £230 per week; so he should pay an additional £170 per week to make it up to £400.

It’s important to have this sort of thing written down so there’s no bad feelings on either side; is a written agreement in place?

fizzicles · 20/01/2019 23:39

How much work have you done for him? 1 month @ $1000 plus 1 month @ $1600? Or 2 months at the original amount?

How much has he payed you so far?

howtotrainyourdragqueen · 20/01/2019 23:40

Ok, so you have done 1 month (4 weeks) and the cost for that is £1000 which he has paid - £500 up front plus £500 now and another £500 for effectively the next 2 weeks.

However, the 'new' price is £800 for 2 weeks.

So he owes you another £300 NOW and then you bill the £1600 at the end of the month (2 weeks back and 2 weeks advance) OR you leave it for now and bill him £1900 atbthe next bill and then £1600 thereafter

DrWhy · 20/01/2019 23:41

So two options,
If you want him to continue to pay $500 in advance then you simply increase the bill to $1600 a month. Then he continues to be $500 in credit each month so the final month you work for him he will owe you $1100 (1600-500).
If you want him to pay half up front he needs to pay $800 at the start of the month so an extra $300 on this months bill. So total of $1900 the each month he pays $1600 and when your arrangement finishes his last bill will be $800 (1600-800).

marmagstam123 · 20/01/2019 23:42

New work - $2600 total - therefore the £500 for work done + $2600 for future weeks = $3100 from which first part payment should be $1300 ?

FortunesFave · 20/01/2019 23:42

Fiz I have yet to begin this next batch....he's paid in full for the first lot and now has paid 500 of the 2nd batch (in advance) It's all in my OP.

Bus A very basic agreement. Nothing legally binding.

HOw can I fix it? Given he's paid 500 upfront for the next 4 weeks? I thought that working weekly on an agreed price and then billing at the end of each 4 week lot would work out?

OP posts:
FortunesFave · 20/01/2019 23:44

Dr Thank you...I think that would be best. Just to stick to him paying 500 in advance.

OP posts:
howtotrainyourdragqueen · 20/01/2019 23:45

He owes you £300 now. As the month ahead bill is £1600, but he has only paid you £500, when he should have paid £800

This two weeks ahead/two weeks behind is confusing you I thing

howtotrainyourdragqueen · 20/01/2019 23:45

*think

FortunesFave · 20/01/2019 23:48

Dragon is there any way I can balance it without having to invoice him again for that 300?

OP posts:
marmagstam123 · 20/01/2019 23:49

ups -now I've seen that $400 including those $250 therefore the increase is for $150 per week...$600 for 4 weeks...
Now the invoice should be $500 + $1600 from which you'll be paid $1300 ( remaining $500 plus 2 weeks advance of $800)

WeeDangerousSpike · 20/01/2019 23:53

When did you / will you start doing the $400 a week work? Does any of the advance payment you've had already cover the same time period as any $400 a week work?

Going forward he needs to pay 250 + 400 a week which is 650 a week or 2500 for a 4 week 'month'.

If you have done any of the 400 work and not been paid for it, add that onto the next 1000 bill and also add on as many 400s as you need to take you to the same end date as for the 1000. Then going forward you need to bill a total of 3600 a month, that's 2 weeks of each amount, so 500 + 800 (1300), in arrears and 1300 in advance.

Does that make sense? If you are still struggling maybe get a calendar, start when you first started working for him and write on each week 100 and then put on each week 400 from when you started doing the extra work. Cross out the ones you've been paid, then add up what's left with a calculator.

FortunesFave · 20/01/2019 23:54

Can I say this and it's correct?

he has now paid in advance $500 of his next bill but with the new work being included in this way of managing things, it should have been $800...

half of next month's total of 1600. So he needs to pay another 300 so that we're square at the end of the next 4 weeks? At that point I will bill him 1600...the other half of what will have been done and half for the weeks to come.

OP posts:
FortunesFave · 20/01/2019 23:55

Spike I need to begin today..not begun yet...I'm in Oz. The work is all the same...so yes, the advance of 500 covers what's to be done this month

OP posts:
Crazyfrog007 · 20/01/2019 23:55

Paid so far $1500.

$500 advance for first two weeks.

$1000 retrospect for second two weeks and advance for third two weeks.

Next bill= $500 retrospect plus $800 advance. $1300 total.

howtotrainyourdragqueen · 20/01/2019 23:56

Yes, it's quite straightforward you are now at the beginning of the month.

So, the monthly bill will be £1600

He has paid you £500

The next bill is £1100.

You need to decide if you want this upfront payment to remain at £500 or if you want half. If it's half (£800) then tell your client that the next upfront payment will be £800. Then bill the remaining £800 as you would normally

If you are happy with £500 upfront as the deposit then each months remainder will be £1100 Smile

WeeDangerousSpike · 20/01/2019 23:56

I think I've misunderstood - I thought the 400 was in addition to the existing 100 - is it that the price has gone up from 100 to 400 OP? If it is ignore my sums above - sorry!

FortunesFave · 20/01/2019 23:57

Frog yes! That seems understandable! So after his next bill of 1300 then what will his one after that be?

OP posts:
FortunesFave · 20/01/2019 23:59

How are people getting such different figures? I can't work out which is right. :(

OP posts:
PigletJohn · 20/01/2019 23:59

What he has paid you is irrelevant to what you bill him.

bill him for the work he has ordered.

Agree payment terms (e.g. with 7 days/30 days of invoice)

Send him a monthly statement
e.g.
bill 1 £1000
bill 2 £1000
bill 3 £400
amount billed £2,400

Payment 1 £500
Payment 2 £500
payment 3 $400
Amount paid £1,400

Balance due £1,000

Payment is due on date X
(or, payment is now overdue, please remit with 7 days)

I think the problem is that you are confusing what you should bill him
and
what is the balance on his account.

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