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Late payment penalties
|Late payment penalties
How to use late payment penalties to educate customers to pay on time? What are the rules to apply them depending on the country?
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What are the advantages to start the collection process before the invoices due dates? How to perform an efficient collection prior due date?
Any commercial relationship is based on mutual commitments shared between the seller and the buyer. The buyer undertakes to pay the price of the service or equipment delivered on the date specified in the contract and invoices. However, the buyer frequently forgets, at least temporarily, this...
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Working capital requirement is the amount needed to finance the operation of the business and the difference between disbursements and receipts.
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