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Payment Arrangements

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Questions - 1 to 38 of 38

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1    

Who is the person primarily responsible for maintaining your business’s financial records?

2    

Who is the person primarily responsible for billing and collections?

3    

Do customers pay you at the time of sale?

4    

Do customers pay you by invoices or statements?

5    

Once you have invoiced a customer, on average, how many days is it before you get paid?

6    

Do you charge a late fee, interest, or both a late fee and interest for late payment?

7    

Do customers pay you by invoice through a third-party, such as an insurance company?

8    

Once you have invoiced a third-party payer, on average, how many days is it before you get paid?

9    

Do you charge a late fee, interest, or both a late fee and interest for late payment?

10    

Do customers pay you through credit-type arrangements or special terms that you extend?

11    

On average, how many days is it before you get paid?

12    

Do you charge a late fee, interest, or both a late fee and interest for late payment?

13    

Do customers pay you on-line, such as paying through PayPal?

14    

Do customers pay you by phone?

15    

Do you accept personal or business checks for payment?

16    

Approximately what percent of your total sales are from personal or business checks?

17    

Do you expect this percentage to increase, decrease or remain the same over the next 3 years?

18    

Do you accept cash for payment?

19    

Approximately what percent of your total sales are paid for with cash?

20    

Do you expect this percentage to increase, decrease or remain the same over the next 3 years?

21    

Do you accept credit and debit cards for payment?

22    

Approximately what percent of your total sales are from credit and debit card sales?

23    

Do you expect this percentage to increase, decrease or remain the same over the next 3 years?

24    

Payment cards improve cash flow?

25    

Payment cards enlarge your market by making payment from a distance easier?

26    

Payment cards reduce the need to keep large amounts of cash on the premises?

27    

Payment cards end up costing less than other forms of payment?

28    

What is the primary reason that you do not accept credit and debit cards?

29    

What is the most significant problem you face getting paid?

30    

Do you prepay before receipt of good and services?

31    

When prepaying, do you generally pay by?

32    

Do you pay at the time of sale?

33    

When paying at the time of sale do you generally pay by?

34    

Do you pay by invoices or statements that are due upon receipt?

35    

When paying an invoice or statement, do you generally pay by?

36    

Which of the following best describes your use of a credit card account related to your business?

37    

Which of the following best describes your use of a debit card account related to your business?

38    

Which one of the following financial issues is the greatest concern for your company?

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Volume 13, Issue 1, 2016
ISSN - 1534-8326

Holly S. Wade
NFIB Research Foundation



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