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| Name | What Is Net 30? |
| Video Uploader | Video From American Profit Recovery |
| Upload Date | This Video Uploaded At 14-08-2018 12:22:11 |
| Video Discription | Net 30 is a pretty simple explanation. But what happens after that, can cause you some headaches. Net 30, or whatever number you place next to the word Net, is the timeframe in which you are giving your customer to pay you the amount on that invoice. Net 30, being the most popular terms. Many businesses will use the term of Net 30 and if payment is not received by that date, a late fee can be assessed. As long as that is indicated on the terms of payment. The same holds true if you desire your customer to pay early. Giving them an incentive pay at the 15 day mark, can provide both parties benefits. You might see terms such as 2/15 Net 30 on a bill sometimes. The customer gets a break on the total and hopefully your business gets cash in the door in a reasonable time. But as we know, that’s doesn’t always happen. So a few tips to help you get paid on time. First, make sure your customer knows your payment terms. Whatever it is you desire, make it clear. Net 30, Net 15, discounts for early payment, whatever your payment terms, outline them clearly. And, let your customer know these terms. If you get to that 30-day mark and you have not received payment, it’s time to send out a statement and even make a quick call to make sure they were happy with the service you provided and to remind them that they have an outstanding invoice due. Be nice, be diplomatic, because right now, it’s just a friendly reminder. For some advice on what you can do after that, check out our other video, What a small business can do when they don’t get paid. www.Americanprofit.net cSkkskDNyhg |
| Category | People & Blogs |
| Tags | net 30 | Accounting help | What does net 30 mean |
