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____ utilities scan incoming and outgoing files to be sure they are safe.
Bad Debt Expense
An expense recognized when receivables are no longer collectible due to customer default.
Prompt Payment
A term describing the timely processing of payment to a vendor or creditor, often governed by contractual terms or regulations to ensure payments are made within an agreed-upon timeframe.
Accounts Receivable Turnover
A financial metric used to measure how efficiently a company collects revenue from its credit sales, calculated by dividing net credit sales by the average accounts receivable.
Average Collection Period
The mean period required for a company to get payment from its clients.
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