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Old 05-15-2013, 08:12 AM   #13
I-Hate-Hulse
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It isn't just at the individual level. The corporation I used to work for, a multi billion dollar entity, decided to stretch it's cash in 2008 and introduced a net 50 policy on payables. The policy is still in place, and has certainly made it difficult to deal with vendors as a whole - we were frequently cutoff.

This was applicable to everyone, and caused much grief amongst our vendors. It's one thing to stiff arm other large corporations, but you could certainly see the grief at the small vendor level.

I hate to say it, but the OP should just factor in a delinquent accounts amount, as well as the costs of filing liens into their forecasting & budgeting amount. It's unavoidable I'm afraid.
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