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To charge customers interest on overdue accounts, you need to -
Merit Pay
A compensation strategy that rewards employees based on their performance and achievements, as opposed to seniority or hours worked.
Sales Commission
is a compensation method used in sales, where employees earn a percentage of the revenue they generate, incentivizing higher sales performance.
Merit-Pay Plan
A Merit-Pay Plan is a compensation strategy that rewards employees based on their performance and achievements, often used to incentivize higher productivity.
Profit-Sharing Pool
A financial arrangement where a portion of a company's profits is distributed to its employees.
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