Does anyone know where i can find a template stating that terms are changing to 60 days?
Changing Payment Terms
Answers
Anon,
I've always sent out a formal letter. Snail mail, letterhead, the whole enchilada.
Very basic, "Dear vendor, we are changing our terms in our POs to Net 60; (ref appropriate language, start dates for this, etc)"
So, you don't really need a template, just your letterhead.
KP
Are you increasing or decreasing? The wording of the letter or notice would be a little different.
Do you have terms stated in your contract? Has your legal counsel been involved? Lots of questions to answer before a letter is drafted.
Filed Under:
Accounting