Keep an eye on any outstanding balances. If you notice that they are
piling up, you may want to institute sterner collection policies. Make sure
that your payment procedures are written on every invoice sent and should be
reviewed with the client beforehand. Normal time to allow a payment to be
received is 15 to 30 days after the receipt of the goods or services. Failure
for your clients to pay on time can cause huge problems with running an
effective business as they are sitting on your capital. Need
assistance, contact us for help. http://www.bmfms.com
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