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It would seem this is only helpful if you have more outflow of payments than inflow. If other customers/suppliers are using the same tactic, all it does is slo
by DINKDINK 10y ago
It would seem this is only helpful if you have more outflow of payments than inflow. If other customers/suppliers are using the same tactic, all it does is slow down delivering products and services.
- zhte415 10y agoAccounts Payable and Accounts Receivable: Generally, for services provided, Accounts Payable aim for 60 days after service provided, and Accounts Receivable aim for 30 days since service provided. I dislike it, and have a far nicer relationship with companies that pay on-the-spot. Indeed, I bend over backwards for such clients.