We're just starting up a business which sells products wholesale to retailers (as well as opereating as independent retailers ourselves), but keep hitting questions which seem simple but we can't find answers to....
I was wondering if anyone knew how the whole selling to retailers process works with regards to invoicing. When do you send them the bill? In advance? Upon reciept? Deposit and then balance? Do you put a 'payment must be received within 30 days' disclaimer? Do you let them take their own sweet time? I haven't got a clue anymore so anything anyone can tell me would be a great help....
Stressed? Moi? You'd never guess it....