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Understanding Payment Terms

If there is a period of time between when your customers receive your goods or services and when they pay for them, then several things are true: There is a balance in Accounts Receivable on your balance sheet that represents how much customers owe you You have an invoice process that you follow Customers have been granted credit cards You may have some that don’t pay as quickly as you’d like them to Each invoice you send should have payment terms listed.  A payment term is Read more [...]