Establishing preauthorized payments for ﬁxed payments from customers should help reduce the
total collection time for your ﬁrm.

Question

Quizplus · Accepted Answer

By establishing preauthorized payments, the firm can automatically receive the payment from the customer without waiting for them to manually initiate the payment. This can help reduce the total collection time as the payment is received on time, without any delay or follow-up required.

Establishing Preauthorized Payments for ﬁXed Payments from Customers Should Help