How to set payment terms

If payment fails to arrive for goods or services you have provided, your cashflow can be under real pressure. Cashflow keeps business in business and – if you think you are being paid on one date and your customer has a different date in mind – you could be in trouble! Making assumptions is dangerous and formally agreeing payment terms in advance is vital. Can you answer yes to all these questions? Do you discuss and agree payment terms with your customers (and with your suppliers) before you accept (or place) an order? Do you confirm the agreed payment terms

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