Collecting Cash payments includes:

Question

Quizplus · Accepted Answer

Lockboxes and wire transfers are methods used to collect cash payments efficiently. Lockboxes allow customers to send payments directly to a bank, speeding up the collection process. Wire transfers are electronic payments that move funds directly from one bank account to another, offering a fast and secure way to collect payments. Electronic billing, on the other hand, is related to invoicing and does not directly involve the collection of cash payments.

Collecting Cash Payments Includes