Installment Accounts Receivable

For some customer's it may be necessary to set-up an installment plan to collect outstanding balance(s) on their account.  It may be prudent that where the company is now acting "like a bank," in extending credit to a customer, some provision of interest charges should apply.  Remember, most companies are not banks and one should be very careful about extending credit to customers that are unable or unwilling to pay in a normal business cycle - 30/60/90 days.
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