When it comes to billing your customers, getting to know how to bill in arrears versus billing in advance is helpful before setting up your actual billing process. In the following sections, we will discuss what it means to be paid in arrears and other available options. In each of these scenarios, the final bill […]
Monthly Archives: February 2021
This is the unwanted version of being “in arrears,” and will likely incur late payment fees. “Arrears” is a financial term inherently defined as an overdue payment. While “overdue payment,” may have a negative connotation, arrears has become a term that can also be defined as paying for goods or services after they’ve already been […]