![]() In extenuating circumstances, open invoices that haven’t been closed in a long time will result in the vendor consulting with a collection agency to collect the payment, which is certainly a bad sign for the client’s future business prospects. It can contribute to your cash flow if done right but also give you a bad reputation for having poor credit in the market if done poorly. The idea here is that open invoices can impact your business both directly and indirectly. If you delay repayment of an open invoice too long, one might stop accepting orders from you until the pending transactions are closed.
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