In B2B transactions, payments are usually not collected immediately for the convenience and turnaround time for customers. Instead, payments are recorded as Accounts Receivables, with a collection date set based on the agreed payment terms. However, the calculation of the payment due date is often more complex than simply adding N number of days. In this article, we will cover the Ragic and Excel formulas you can use to automatically calculate the payment due date to make accounts receivable management easier.
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Managing your sales orders can be made simple and easy with no code database tools, but which one is right for you? Let’s take a look at Steve as he tests out Aritable and Ragic for optimizing sales data and reporting.
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