February 23, 2007, Newsletter Issue #108: What does a “Past Due” status with my web design firm mean?

Tip of the Week

Past Due means that invoices on your account with your web design firm have exceeded the payment terms allotted to your account and that your account has an outstanding balance that is due immediately. Past due accounts are also in danger of collection calls from the accounts receivable department of your web design firm, and/or, further collection activity including, but not limited to, having your account forwarded to a professional collection agency. The best way to avoid this from happening is always keep your account with your web design firm current.

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Byron White