Thanks for the heads up, we just received our renewal notice and you need to read the cover letter, it states "An additional two percent increase on your invoice will allow you and your co-workers to attend all eighty-five of our eLearning classes throughout the year" if you do not want this service your to contact Matt Christus so he can send you a revised invoice. This is probably why they are sending the invoices out so early, hehe
"Leonard, Jeremy" <jleonard@...> wrote:What I didn't care for was that when we got our annual bill six months ago they tacked on a 5% fee for optional web based training or something like that. I missed it but our bean counter didn't or we would have paid it. I thought that it was very sneaky and I didn't care for the way they did it.
Jeremy Leonard
IT Manager
K-T Corporation
-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Thursday, November 20, 2003 11:30 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Vantage Maintenance Billing
We recently received our maintenance/support bill (now in mid-November). We are currently paid up thru mid-February so the effective period for this billing does not start until then. This works out to exactly 90 days early for the invoice date. I could understand billing 30 days in advance but 90 is really bothering our A/P person (as well as our CFO). Is anyone else seeing extreme lead times on maintenance bills?
Now - going out on a limb here - a question for the group's accounting people. Is there any chance they bill so early in order to get the receivable on the books in this qtr/year? From our on-going billing dispute with MCI/Worldcom I've been told that receivables over 90 days become "doubtful" and are no longer assets. Probably why they send our case to "research" then take 85 days to deny our protest and re-bill us (start the 90 day clock ticking an "refresh" the asset). They have done this over and over for a year now. While my son was working for the SEC he said when they investigated a company they almost alway zeroed in on revenue and asset issues first because that was where the most fooling around occured. As an EPIC shareholder (small amount) I would really hope they would be squeeky clean in such issues. Is billing way early like this an accounting practices issue?
Just curious.
Todd Caughey
Harvey Vogel Mfg. Co.
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"Leonard, Jeremy" <jleonard@...> wrote:What I didn't care for was that when we got our annual bill six months ago they tacked on a 5% fee for optional web based training or something like that. I missed it but our bean counter didn't or we would have paid it. I thought that it was very sneaky and I didn't care for the way they did it.
Jeremy Leonard
IT Manager
K-T Corporation
-----Original Message-----
From: Todd Caughey [mailto:caugheyt@...]
Sent: Thursday, November 20, 2003 11:30 AM
To: vantage@yahoogroups.com
Subject: [Vantage] Vantage Maintenance Billing
We recently received our maintenance/support bill (now in mid-November). We are currently paid up thru mid-February so the effective period for this billing does not start until then. This works out to exactly 90 days early for the invoice date. I could understand billing 30 days in advance but 90 is really bothering our A/P person (as well as our CFO). Is anyone else seeing extreme lead times on maintenance bills?
Now - going out on a limb here - a question for the group's accounting people. Is there any chance they bill so early in order to get the receivable on the books in this qtr/year? From our on-going billing dispute with MCI/Worldcom I've been told that receivables over 90 days become "doubtful" and are no longer assets. Probably why they send our case to "research" then take 85 days to deny our protest and re-bill us (start the 90 day clock ticking an "refresh" the asset). They have done this over and over for a year now. While my son was working for the SEC he said when they investigated a company they almost alway zeroed in on revenue and asset issues first because that was where the most fooling around occured. As an EPIC shareholder (small amount) I would really hope they would be squeeky clean in such issues. Is billing way early like this an accounting practices issue?
Just curious.
Todd Caughey
Harvey Vogel Mfg. Co.
[Non-text portions of this message have been removed]
Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto: http://groups.yahoo.com/group/vantage/links
Your use of Yahoo! Groups is subject to http://docs.yahoo.com/info/terms/
Yahoo! Groups SponsorADVERTISEMENT
Useful links for the Yahoo!Groups Vantage Board are: ( Note: You must have already linked your email address to a yahoo id to enable access. )
(1) To access the Files Section of our Yahoo!Group for Report Builder and Crystal Reports and other 'goodies', please goto: http://groups.yahoo.com/group/vantage/files/.
(2) To search through old msg's goto: http://groups.yahoo.com/group/vantage/messages
(3) To view links to Vendors that provide Vantage services goto: http://groups.yahoo.com/group/vantage/links
Your use of Yahoo! Groups is subject to the Yahoo! Terms of Service.
---------------------------------
Do you Yahoo!?
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[Non-text portions of this message have been removed]