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Is it legal for credit card companies to add interest to your bill before invoice is received?
Wiki User
∙ 14y ago
Most credit card companies have a grace period for new purchases. However, there are many extremely aggressive and predatory credit card plans out there. They have been given wide latitude by the government to take advantage of unwitting consumers. You need to review any correspondence you have regarding your account to see it that practice was mentioned. If not, you should report the matter to your state attorney general's office for a review. In the meantime you should make certain you make your payments. In fact, you should try to pay off the account in full. Other charges are sure to add up quickly.
Wiki User
∙ 14y ago
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What document should you receive before you pay an invoice?
Once an invoice is received, that invoice is the only document needed to justify payment to the supplier or creditor issuing the invoice. Some organizations require additional documentation (generally known as approval summaries) depending on the amount to be paid for the invoice.
What is the time limit to bill an invoice?
the most common time period is 30 days for billing an invoice, that will give the client 30 days as well to pay before accumulating interest on the bill.
Must I pay a revised invoice if the supplier invoiced me for the wrong purchase price of an item on the first invoice they submitted to me?
Unless the new invoice is higher, then I don't see a problem. As I sated in one answer earlier, most companies do not, will not, or are not suppose to send out revised invoices if they made the error and the original invoice has a lower balance due. The company can request that you pay the new invoice, but most companies, not all usually take the "loss" if it is pointed out that "they" made the error. Before making any decisions on this, if the revised invoice is higher than the original and you don't want to pay the new balance, I would suggest contacting the company, pay the original invoice and let them now that is the invoice you received and that it was their error. Personally, I would pay the new invoice regardless, I might not like the idea of paying more money, but I also realize that people do make mistakes and unless the balance is of a very huge significance, I wouldn't contest it.
What is the difference between Proforma Invoice and Commercial Invoice?
Proforma Invoice is not a real invoice, it is simply a confirmation of the purchase order before shipment of goods. Commercial invoice is what the vendor bills you after the goods have been delivered. Hence proforma invoice is not recorded as a liability on the books while the commercial invoice is. Many times, before establishing a credit relationship with the vendor, the vendor will present a Proforma invoice to request a payment in advance (PIA) before shipping the order.
Is it best to receive a completed--before paying an invoice?
It is best to receive a completed statemnet before paying an invoice.
Is best to receive a completed before paying an invoice?
It is best to receive a completed statemnet before paying an invoice.
Is it best to receive a completed before paying an invoice?
It is best to receive a completed statemnet before paying an invoice.
What do you need to receive before paying an invoice?
You need both the product or service and the invoice.
What is a Performa invoice?
A pro forma invoice is what comes before the actual invoice. It is a "pre-document" containing the projected amounts of a project.
What is a dummy invoice?
A dummy invoice is a financial document that is created manually by an accounts payable division in a company to (temporarily) nill out an invoice that needs to be moved from one purchase order (history) to another Purchase order. It can also be created in case of an invoice that is received, and should be credited by the issuing company but no credit note is received. IN order to balance the books correctly i.e. months end a "dummy" will be created...
What is the expansion of PBDIT?
PBDIT stands for "Profit Before Depreciation Interest and Taxes" How to abbreviate "Profit Before Depreciation Interest and Taxes"? "Profit Before Depreciation Interest and Taxes" can be abbreviated as PBDIT.
What is the different between invoice and proforma invoice?
An invoice is basically a receipt you get at the time you take possession of an item you purchased. A pro forma invoice is one that is sent to a buyer before they will actually receive their purchase.
