I have written the fees policy below. Can you give me advice as to whether it contains everything I need it to and whether it makes sense please? I have also put in something about a deposit which I have mentioned on another thread.
The charges are payable on a daily/weekly/monthly basis and are to be paid in advance of the period worked. I would prefer a standing order direct into my account rather than cash unless you are paying on a daily basis. An invoice will be created for your reference stating the payment due date. Any hours worked over the standard contracted hours, will be invoiced on the following day/week/month.
Monthly payments
All payments are due on the first Monday of every month. I will invoice you on the first day your child starts with me. This invoice will be for the period of the start date up to the first Sunday of the following month. You will be given 1 week to pay this invoice. Your following invoices will be sent on the third Monday of every month, giving you 2 weeks in which to pay. Depending on the start date of your child, you may have to pay 5 or 6 weeks at once. This will be explained before you sign contracts.
Weekly payments
I will invoice you on the first day your child starts with me. This first invoice will be for 2 weeks working and gives you 1 week to pay; your second invoice will be for 1 week and given 1 week to pay. For example: if your child starts on Monday 2nd April, you would receive an invoice for the dates up to and including Friday 13th April. I will expect payment by Monday 9th April. Your second invoice would be sent Monday 9th April for the dates from Monday 16th April up to and including Friday 20th April. I would expect payment by 16th April.
Daily payments
I will expect a cash payment every morning that your child is dropped off. I will give a receipt showing you have paid. Any day that your child is ill, I will expect up to date payments on the morning that your child returns. For example: if your child is here on Monday, I will expect payment that morning. If they are then ill on Tuesday and Wednesday but are here Thursday, I will expect 3 days payment on Thursday morning. A written invoice will be produced every month to show what has been paid and when for your records.
Late payment Charges
If I have not received payment by the payment due date on your invoice, you will incur a late payment charge of £5.00 per working day, except where different payment times have been previously agreed and signed by the Registered Childminder and the Parent/Guardian.
Where payments are continually late, I will insist on changing the terms by requiring a longer period between the payment due date and when the actual working period starts. For example: I would expect payment 4 weeks in advance of the working period.
Thanks for any advice!
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