Our competition offers weekly credit terms, mainly Weekly COD. A statement is generated every Monday morning for invoices created the previous Monday thru Saturday. The customer is sent the invoice and payment is received either Tuesday or Wednesday. This is much different than "7 day" terms. A statement needs to generate each Monday with the due date on the invoices created the previous as that upcoming Monday date.

by: Jim R. | over a year ago | 1 - Financial Management