Common Payment Terms

"Payment terms" refers to the provisions the buyer and seller have agreed upon to get the goods paid for. Of course, payment terms and conditions must be negotiated up front and agreed upon by both parties. And it only makes sense that sellers create incentives to get their money faster, and buyers reserve rights to hold on to their money as long as possible. "AR is looking for creative ways to get their money on time and meet their financial deadlines. Buyers are trying to push that out as…