Page 45 - Gulf Coast Division - Training Manual 5 -18

AGEING CUT OFF RANGES

Accounts terms with details of cut off ranges

TERMS Current 1-7 Days 8-14 Days 15-21 Days 22-28 Days

CASH $ PAST DUE

COD $ PAST DUE CUT TO COD & HOLD

OTO $ PAST DUE CUT TO COD & HOLD

NET7 $ PAST DUE CUT TO COD & HOLD
NET14 $ PAST DUE CUT TO COD & HOLD

NET21 $ PAST DUE CUT TO COD & HOLD

NET30 $ PAST DUE CUT TO COD & HOLD

10 Prox $ PAST DUE Due 10th of the Month Cut to COD & HOLD on the 20th

GOV $ PAST DUE Due 20th of the Month Cut to COD & HOLD on the 30th
NET 45 $ COD/HOLD No grace period on Net 45 terms

Invoices that are in these sections are current and help you for month end

Invoices that are in these sections are past due and must be collected, deposited and posted to terms of the account

If not posted to the account before month end will keep you from achieving 92% or better
Invoices that are in these sections will cause the account to be placed on COD & HOLD

Amounts in these sections will also prevent you from achieving your 92%