As the title suggests, what have you found to be the best Business to Business payment/receivable methods?
My company operates in the B2B world, and will be supplying a manufactured good to other companies. There are typically 1 time charges for engineering/setup/tooling and per part charges for product delivered, as well as per part charges for prototypes.
I'll admit that I'm a bit fuzzy on the process, so if you've got experience here, I'd really appreciate reading your explanation of how the transactions take place and what I need to setup. My previous roles in engineering have been segmented from the accounts receivable and purchasing departments...but now I need to learn how this works.
What type of checks should one use, if checks at all? Are some perceived as more professional?
Do B2B transactions use ACH, and if so, is it simply setup thru one's bank?
Which service would you recommend for accepting credit cards?
What is the process of sending invoices, bills, checks, etc?
How and when does one perform a credit check on a potential customer?
How does the net 30, net 60, etc. process work? Are there reasons to prefer one over the other?
There are a myriad of other questions I might ask, and many more that I don't know to ask. Thanks for your help!
My company operates in the B2B world, and will be supplying a manufactured good to other companies. There are typically 1 time charges for engineering/setup/tooling and per part charges for product delivered, as well as per part charges for prototypes.
I'll admit that I'm a bit fuzzy on the process, so if you've got experience here, I'd really appreciate reading your explanation of how the transactions take place and what I need to setup. My previous roles in engineering have been segmented from the accounts receivable and purchasing departments...but now I need to learn how this works.
What type of checks should one use, if checks at all? Are some perceived as more professional?
Do B2B transactions use ACH, and if so, is it simply setup thru one's bank?
Which service would you recommend for accepting credit cards?
What is the process of sending invoices, bills, checks, etc?
How and when does one perform a credit check on a potential customer?
How does the net 30, net 60, etc. process work? Are there reasons to prefer one over the other?
There are a myriad of other questions I might ask, and many more that I don't know to ask. Thanks for your help!
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