credit period in business
This is a discussion on credit period in business within the Managing Business forums, part of the Business category; very few business owners provide credit , yet what is general period of credit given to a company ?...
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02-01-2007, 05:00 AM
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credit period in business
very few business owners provide credit , yet what is general period of credit given to a company ?
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02-01-2007, 05:25 AM
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Re: credit period in business
it is sort of cycle, like monthly or weekly and many people use this option of providing credit over the period of time.
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02-01-2007, 06:13 AM
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Re: credit period in business
All telecommunication company's, electricity companies etc provide credit. You use their service and then pay when you get the bill.
This is like on credit.
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02-01-2007, 06:15 AM
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Re: credit period in business
its 15 days around, after that interest is charged and extra fees.
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02-01-2007, 06:21 AM
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Re: credit period in business
On some big expensive phone systems, we can offer leasing deals but we don't offer credit.
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02-02-2007, 02:32 AM
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Re: credit period in business
Each company has its own credit policy which depends on several factors:
- Business track record - Volume of business transacted - Relationship - Company's own working capital liquidity status Usually the Company fixes a particular credit limit and transactions are done within those limits - In my opinion a maximum of 45-60 days credit period should satisfy both parties.
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