• Replies 6 replies
  • Subscribers 435 subscribers
  • Views 1888 views
  • Users 0 members are here
Options
Related

When are you usually compensated by clients for your work?

Paul

Paul Filkin | RWS Group

________________________
Design your own training!
You've done the courses and still need to go a little further, or still not clear? 
Tell us what you need in our Community Solutions Hub

Rate translation
×
Suggest better translation
×
Moderator UI
×
  • Get AI Suggestion
Parents
  • Most agencies I work with ask for a monthly invoice, which they process and pay at the end of the following month. This usually means getting paid after 45 days (from the invoice date, not from the job date).

    Other agencies request an invoice per job, which is very time consuming. These are usually big agencies with several offices which are managed separately. Others allow you to set a minimum payment threshold. There is another one, UK based, which offers to pay you immediately if you accept 'a discount' on your invoice or after 15 days for a lesser 'discount' or you can wait 60 days and get paid in full. I don't work with this agency but I think it is illegal to do so!

    Anyway, I don't mind how long it takes to get paid, as long as I get paid. The translation business is luckily one where you don't have to advance a lot of cash (besides utilities, which you'd be paying anyway if you work from home). I don't understand why some translators are so strict with their payment terms. If you can manage a business effectively, you should ensure you have a decent cash flow and not rely on a day-to-day basis.
Reply
  • Most agencies I work with ask for a monthly invoice, which they process and pay at the end of the following month. This usually means getting paid after 45 days (from the invoice date, not from the job date).

    Other agencies request an invoice per job, which is very time consuming. These are usually big agencies with several offices which are managed separately. Others allow you to set a minimum payment threshold. There is another one, UK based, which offers to pay you immediately if you accept 'a discount' on your invoice or after 15 days for a lesser 'discount' or you can wait 60 days and get paid in full. I don't work with this agency but I think it is illegal to do so!

    Anyway, I don't mind how long it takes to get paid, as long as I get paid. The translation business is luckily one where you don't have to advance a lot of cash (besides utilities, which you'd be paying anyway if you work from home). I don't understand why some translators are so strict with their payment terms. If you can manage a business effectively, you should ensure you have a decent cash flow and not rely on a day-to-day basis.
Children
No Data