When to send statements?
Posted by Peggy on June 08, 2002 at 09:09:29:
My business is a home based, shoe string operation. My education in business is quite limited. I'm confused about when to send statements out. I'm using 30 days net and have been sending the statements at time of shipments. My thought was, payment would be due after 30 days of issuing the statement. My distributor says I'm sending statements too soon. Where have I gone wrong? It's noted on each statement "30 days net". Should I, also, include the due date. In reading your posts, 45 days is time payment can be expected. Do I send a follow-up statement at the end of 45 days? Fast email response would be appreciated.- Peggy