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Once the account is set up, the customer can make purchases throughout the agreed credit score limit and must pay you the complete amount inside 30 days of the invoice date. You can encourage well timed fee by offering early cost discounts, sending reminders earlier than the due date, and enforcing late cost charges. It’s also important to outline any penalties for delinquent funds. What Does Internet 10 Mean On An Invoice? Net-30 accounts come in various varieties, each serving distinct yet overlapping functions in business finance. Understanding
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