Terms of Trade
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Are your Accounts Receivable paid on time?Did you know that the average time it takes for a firm to pay an invoice is 40.3 days (according to the Dun & Bradstreet Trade Payments Analysis for the September quarter 2012)? And that, on average, invoices are paid two weeks late, regardless of when payment was due (according to Xero)?
Xero, the online accounting provider, have analysed data in their systems to provide some suggestions on how to get paid faster. Dun & Bradstreet publish a quarterly Trade Payments Analysis that looks at the ability of firms to pay their bills. The report provides breakdowns by industry, firm size, and location. The latest Quarterly Trade Payments Analysis report and other Dun & Bradstreet reports are available on their Reports & White Papers page. |