As the economic climate turns gloomier, more than a few organizations find themselves scrambling for ways to pay their bills.
by Mary Schaeffer
Techniques that some use to stretch their payments is paying invoices a few days — or more — past the due date. The practice of payment stretching, advocated by some as a way of enhancing cash-flow, has serious pitfalls and should be avoided under most circumstances. However, it would be naïve to assume that given tight cash-flow, no one would fall back on payment stretching.
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