Net-30 accounts, trade references and reporting

• How net-30 terms workNet-30 terms mean an invoice is due 30 days after its date. Here is how to read the terms and keep track, and where a payment record can come in.
• How trade payments are reportedWhat it means when a business payment is reported, what Factiiv says it does, and who Red Spectrum reports to. No promises about results.
• What are trade references?A plain look at trade references: what we mean by the words, who can give one, and how one differs from a credit report.
• What is a net-30 account?A net-30 account lets a business pay a vendor within 30 days of the bill. Here are the parts, in plain words, and how Red Spectrum's membership uses one.
• What is Factiiv?Factiiv is a company that records business transactions. Here is what its own site says, in plain words, and why Red Spectrum reports payments to it.

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