It\u2019s one thing to make the sales happening, i.e. having something to sell, having customers and so on, but it\u2019s another thing to manage it all properly. If payments are done on spot, there\u2019s no issues really in terms of invoices, however, if you\u2019re using invoices, i.e. your customers can pay at a later date, the question is, what will the \u201clater date\u201d be.\u00a0<\/p>\n
There\u2019s a really good indication for you if you\u2019re still debating what the common payment term should be. As you know, a business runs around money. One cannot have it too much, and keeping the business running needs funding. Obviously to make sales happening, you have suppliers, who also require you to pay them. The indication for you is their payment terms really.<\/p>\n
If you think about it, you purchase goods and resell them (using a simple example here) the next day. Your suppliers want you to pay your debt in 10 days. If you\u2019d now ask your clients to pay in 15 days, you wouldn\u2019t have money to pay your suppliers, would you? So in a nutshell, make sure that the generally speaking your clients are at least obliged to pay you sooner than you\u2019re having your liabilities due to your suppliers.<\/p>\n","protected":false},"excerpt":{"rendered":"
It\u2019s one thing to make the sales happening, i.e. having something to sell, having customers and so on, but it\u2019s another thing to manage it all properly. If payments are done on spot, there\u2019s no issues really in terms of invoices, however, if you\u2019re using invoices, i.e. your customers can pay at a later date, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26,78],"tags":[],"class_list":["post-4233","post","type-post","status-publish","format-standard","hentry","category-2-processes","category-2-8-revenue-and-receivables"],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\n\t\t