It’s important to have a concise set of payment terms; you stand a better chance of getting paid and of getting paid on time. Let’s look at some different ways to receive payment for services rendered.
Offering your customers a line of credit gives them the flexibility to pay monthly with check or other transfer.
Net 7, 10, 30, 60 or 90 payment terms give your customer a set time frame in which to satisfy their invoice(s).
Payment is due when services are rendered or immediate payment made by cash, check or credit card is popular with small business owners as it allows the recipient quicker access to funds.
See the 10 Cash Flow Tips for Small Businesses Infographic article for more great Cash Management tips! ~Moderator Mel