Tag: delayed payment charge in commercial real estate

billing

What is Item Wise Adjustment?

Almost every invoice includes more than one charge. Item (Charge)  Wise Adjustment is a mechanism where charges are knocked off in defined order,  whenever a payment is made against the invoice. Instead of having multiple bills, a single bill with multiple charges has many benefits including: #1. Customer Convenience: Single bill makes my life easy. I

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dli or late payment charge options and best practices

What is Best Practice for Late Payment Charges in Billing?

“A corporate park increased it’s collections by more than 30 lakhs in 1 year by levying late payment charges using billing software.” “A group of residents raised concern in the RWA board that delayed payment charge is wrongly calculated.” “The management is losing more than 1 lakh monthly since delayed payment is charged only on

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