Some companies today offer a discount on goods bought if the buyer pays within a certain time frame. These vendor discounts are believed to entice customers to pay quicker and making them less likely to default on their debts. But … Read More »
Building a consistent cash flow for your business will help alleviate the impact of potential financial issues down the road. To decrease the amount of bad debt within your business, one tactic is to provide customers with early payment term … Read More »
In the B2B world, extending payment terms to customers is a typical practice. But, have you ever considered your terms and how they were created? Did you just establish the terms because everyone else was doing it? Don’t let extending … Read More »
Do your payment terms make your customers want to pay now or later? If you’re like most business owners, your payment terms are probably, “Due upon receipt” or “Due in 30 days.” Maybe you chose those payment terms because that’s … Read More »