The company has VISA, MasterCard or other credit card systems. Credit card systems provide timely cash turn-round and put the financing burden directly on the customer. The worry and headaches alleviated by using a credit card system more than justify the small fee credit card companies charge. Such a system also simplifies bookkeeping and billing and lowers operating costs in these areas. The company emphasizes cash discounts.
Cash discounts encourage customers to pay now rather than use credit.
Informing customers that paying by cash saves them money improves cash flow and decreases collection costs. The company files all tax returns in a timely manner. Not filing tax returns in a timely manner is a sign of poor organization. Procrastination has been the downfall of many small business owners. No one enjoys filing tax returns, but putting off the inevitable until later doesn't make it any easier.