oboloo

oboloo Glossary

Account Receivable Terms

oboloo Glossary

Account Receivable Terms

Account Receivable Terms (ART) are an agreement between buyers and sellers that determine when a payment for goods or services is due. This agreement typically includes a payment deadline, the frequency of payments, any late fees or interest to be charged, and the acceptable forms of payment available. By creating ART, businesses can reduce the risk of delinquency and make sure they get paid in a timely manner. ART provides flexibility and predictability to both buyers and sellers while allowing them to focus on building their respective businesses.

Want to find out more about procurement?

Access more blogs, articles and FAQ's relating to procurement

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

Oboloo transparent

The smarter way to have full visibility & control of your suppliers

Contact

Feel free to contact us here. Our support team will get back to you as soon as possible

© 2024 oboloo Limited. All rights reserved. Republication or redistribution of oboloo content, including by framing or similar means, is prohibited without the prior written consent of oboloo Limited. oboloo, Be Supplier Smart and the oboloo logo are registered trademarks of oboloo Limited and its affiliated companies. Trademark numbers: UK00003466421 & UK00003575938 Company Number 12420854. ICO Reference Number: ZA764971