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What is collect payment mean?

Updated: 11/12/2023
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Wiki User

12y ago

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Collection payment refers to the process of receiving payment from customers or clients for goods or services provided. This can include various methods of payment, such as cash, checks, credit card transactions, or electronic transfers. It is an important aspect of managing a business's cash flow and ensuring that outstanding invoices are paid promptly

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Hussain Chitrali

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5mo ago
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