Do you charge a late fee, interest, or both a late fee and interest for late payment?
How long before you normally try to collect an overdue bill before you turn it over to a collection agency? Is it:?
Once you have invoiced a customer, on average, how many days is it before you get paid?
Once you have invoiced a third-party payer, on average, how many days is it before you get paid?
Does your business customarily accept credit card payments?
Do you accept credit cards on your premises, on-line, or both?
(reason credit cards accepted) Customers expect to be able to pay that way.
(reason credit cards accepted) Credit card payments improve cash flow.
(reason credit cards accepted) Credit cards enlarge your market by making payment from a distance easier.
(reason credit cards accepted) Credit cards reduce the need to keep large amounts of cash on the premises.
Volume 1, Issue 7, 2001
ISSN - 1534-8326
William J. Dennis, Jr.
NFIB Research Foundation
NFIB's mission is to promote and protect the right of our members to own, operate and grow their businesses.
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