There's Nothing Good about Extended Payment Terms
Protecting Your Cash Flow Requires Relentless Vigilance
Payment Terms define when a customer is supposed to pay your invoice for the products and/or services your firm provided…at your expense, using your cash. The “norm” is 30 days from invoice date, but there are many exceptions, often associated with specific industries. Problems arise when customers try to extend your payment terms by another 15 to 30 da…
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