When Should You Start the Clock to Set Vendor Payment Due Dates?
June, 2003
One of the big issues facing accounts payable managers and those they pay is when to start counting
to determine the due date and the early payment discount date. Accounts payable managers know exactly
when their invoice payment terms begin. Vendors also think they know when they begin. Unfortunately,
the two are often not on the same page. Recognizing this disparity, the Credit Research Foundation investigated
the communication issue between buyer and seller as part of a larger survey entitled “Logistics of
Payment Terms.” The results of the survey reveal some interesting and useful data, pertaining to invoice
payment dates. Here’s a look at the survey results, as well as a few suggestions on how the communication-
of-terms issue can be resolved.
2009
