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Difference between 30-day account period and monthly statement
The difference between a 30-day account period and a monthly settlement is that the time for payment settlement is different. The account period is 30 days. After the customer receives the goods, he will start to calculate the settlement, and then settle the payment after 30 days. Monthly settlement refers to a certain time to settle the payment once a month, usually at the end of the month or the day when the customer company settles the payment. If the goods arrive on the same day, the next day is the settlement time, then you can receive the payment the next day.

What is the impact of the accounting period?

(1) Payment in accounting period will bear the cash flow of suppliers.

② The financial burden of suppliers will cause certain risks, and there is also the risk that retailers will close down.

(3) Due to the existence of the accounting period, suppliers can't evaluate the operating conditions and capital utilization rate in time. Affect the normal business development.