What is Net 30 and what are Net 30 payment terms?

What is Net 30 and what are Net 30 payment terms?

In the world of finance and accounting, Net 30 is a term you’ll hear often. It’s a popular payment term used in business transactions, requiring buyers to pay the net amount in full within 30 days of the invoice date. In this article, we’ll explore what Net 30 means, its pros and cons, and provide practical tips to ensure timely payments from your customers who are on net days payment terms.
The payment trends and tech to help you eliminate late payments this 2023

The payment trends and tech to help you eliminate late payments this 2023

As economic headwinds continue to slow the global economy this year, businesses are looking to strengthen their cash flow to weather the storms. On our recent fireside chat, we discussed the latest trends that will change how businesses like yours are getting paid and how upcoming technologies will help you overcome the hurdle of late payments effectively. Here are the key takeaways from the session.
What is accounts receivable? The ultimate guide to  AR

What is accounts receivable? The ultimate guide to AR

Accounts receivable is a critical part of any business’s financial management, representing the money that a business is owed by its customers for products or services that have been provided but have yet to be paid for. In this article, we’ll explore accounts receivable, how it is managed, and why it is important for businesses of all sizes.
How to check free business credit scores online

How to check free business credit scores online

In the world of business-to-business (B2B), it can be a challenge to manage late payments from customers. However, one proactive solution to minimise such occurrences is to assess the business creditworthiness of your customers based on their business credit score. In this article, we’ll explore a free option for checking business credit scores to help you get started.