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Dr. likes the work but is requesting we match fees of a southern lab 600 miles away...
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<blockquote data-quote="vurban210" data-source="post: 258868" data-attributes="member: 693"><p>It's always "best case scenario". When I say that running cards at the end of the month is not worth it that is comparing to Net 30 terms. But if your customer is not paying in those terms - say they are paying in 45 or 60 days then certainly running cards at the end of the month is more beneficial.</p><p></p><p>As far as the loss of value, I'm sure it is all those things you stated plus a percent that factors the debt never getting paid. I can't find the full study, but the chart I saw was from a 2009 edition of the Harvard Business Review. There are other studies out there as well. Percents can be higher or lower, but the fact remains that AR loses value over time and how much certainly depends on the business. That is why there are companies that do AR factoring.</p></blockquote><p></p>
[QUOTE="vurban210, post: 258868, member: 693"] It's always "best case scenario". When I say that running cards at the end of the month is not worth it that is comparing to Net 30 terms. But if your customer is not paying in those terms - say they are paying in 45 or 60 days then certainly running cards at the end of the month is more beneficial. As far as the loss of value, I'm sure it is all those things you stated plus a percent that factors the debt never getting paid. I can't find the full study, but the chart I saw was from a 2009 edition of the Harvard Business Review. There are other studies out there as well. Percents can be higher or lower, but the fact remains that AR loses value over time and how much certainly depends on the business. That is why there are companies that do AR factoring. [/QUOTE]
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Dr. likes the work but is requesting we match fees of a southern lab 600 miles away...
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