Month: June 2023
What Are Net 30 Payment Terms? Should You Use Them? Bench Accounting
If you decide to extend net 30, consider sending payment reminders as the deadline for payment approaches or offering discounts to encourage early payment. Missing a payment typically triggers late fees and interest charges, often around 1.5-2% monthly. More seriously, late payments can appear on your business credit reports and may affect your business credit…
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