Unpaid invoices are considered outstanding.
Invoices which remain unpaid for periods longer than their 'terms' indicate are considered overdue.
It is the aim of the Cash collection function of a business to collect Monies for all outstanding invoices before they become overdue and to mediate payment arrangements to ensure that invoiced debts do not become doubtful or bad.
- "Archived copy". Archived from the original on 2011-06-10. Retrieved 2010-04-11.CS1 maint: Archived copy as title (link)
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