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    return privileges, interest charges on overdue accounts, guarantee and service costs.

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    Swiftness is the key to collecting past due commercial accounts because commercial accounts depreciate more faster than consumer accounts.

    In creating and implementing a billing system, a credit grantor should recognize that time is the safest refuge of any debtor. The more time they are given, the less likely they are to pay. Hence, sales documents should be explicit about payment terms, return privileges, interest charges on overdue accounts, guarantee and service costs.

    Various

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    ate more faster than consumer accounts.

    In creating and implementing a billing system, a credit grantor should recognize that time is the safest refuge of any debtor. The more time they are given, the less likely they are to pay. Hence, sales documents should be explicit about payment terms, return privileges, interest charges on overdue accounts, guarantee and service costs.

    Variou

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    it grantor should recognize that time is the safest refuge of any debtor. The more time they are given, the less likely they are to pay. Hence, sales documents should be explicit about payment terms, return privileges, interest charges on overdue accounts, guarantee and service costs.

    Variou

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    en, the less likely they are to pay. Hence, sales documents should be explicit about payment terms, return privileges, interest charges on overdue accounts, guarantee and service costs.

    Variou

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    Do you have clients that take up to 60 days to pay their invoices? If you do, you know how tough that can be on new and growing companies. Waiting to get paid for your slow paying invoices can wreck complete havoc on your company’s finances.Most business owners try to address this issue by going to a bank
    return privileges, interest charges on overdue accounts, guarantee and service costs.

    Various Commercial Collection Programs Used

    A series of letters used together with an account aging sheet or data printout will help to track slow-paying accounts.

    All systems should have an organized and mechanical follow-up of accounts at regular intervals, for instance, 30, 60 and 90 days past due.

    It is essential to establish regular billing and commercial collections procedures.

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