RE:[sap-acct] Late Payment Interest to Vendor
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on 07/11/2009 10:23:00 PM
By rule of the thumb, net1 denotes 1 day credit term - i.e. payment opon receipt of goods. Since payment is more than 30 days, it is no longer regarded as Net1, it is Net30 etc., hence interest should be calculated accordingly if vendor do not agree to change the credit term from Net1 to Net30 etc.,
Regards,
Tetrapower __.____._
Copyright © 2009 CEB Toolbox, Inc. and message author.
Toolbox.com
4343 N. Scottsdale Road
Suite 280
Scottsdale, AZ 85251
Toolbox.com
4343 N. Scottsdale Road
Suite 280
Scottsdale, AZ 85251
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