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I have customers with credit terms of n/30 they pay at 45 days I report only the 15 days as past due my supervisor says i am reporting incorrectly that should show and report as 45 days past due. i disagree as the invoice is give 30day to pay so it is my understanding that anything after the 30days is past due. please help resolve question
really anything after the due date is late but most companies give customers the break as long as the payment is made with in the 30 day window. The company will then report them current.
reporting past due
Hi Tinam,
You are right. If the grace period is considered, which most of the credit card companies do, you should report the person a s only 15 days late. However, this depends on the company too. You need to check whether or not the credit card company allows it's consumers the grace period.
Thanks,
Aaron
Past Due water bills needing to be collected
we have several accounts that are past due for several years now and we need to know who to report it to for payment? Is there a specific way to report it to you to go against their credit for a water/trash bill? Thank you for your time. Darla
Creditors can assign fees, etc., under the account agreement for being past the billing due date, but it does not become a reportable 30-late until 30 days past the billing due date.