Tracking net terms in a spreadsheet vs Terms Due
Most wholesale businesses start with a spreadsheet of who owes what. It works until it does not. Here is where it breaks.
Spreadsheet vs app
| Spreadsheet | Terms Due | |
|---|---|---|
| Up to date | When someone updates it | Live from Shopify |
| Stops over-limit orders | No | Yes, at checkout |
| Sends reminders | No, someone has to | Yes, email and text on a schedule |
| Collects payment | No | From saved cards on the due date |
| Aging buckets | With formulas that break | Built in |
| Cost | Free, plus staff time | From $29 a month |
Signs you have outgrown the spreadsheet
- You found out an account was overdue when they placed another order.
- Chasing invoices takes more than an hour a week.
- Two people keep separate versions of who has paid.
- You cannot say, today, how much of your trade book is more than 30 days late.
Related
Aging report
A live accounts receivable aging report for Shopify B2B: every open invoice in current, 1-30, 31-60, 61-90 and 90+ day buckets, by buyer, with CSV export.
Read moreReading an aging report
What an accounts receivable aging report is, how the aging buckets work, how to read it and what to do about each bucket, with a worked example.
Read morePricing
Terms Due pricing: Starter $29, Growth $79 and Pro $149 a month, each with a 14-day free trial, billed through Shopify.
Read moreStop chasing wholesale invoices by hand
Install Terms Due, set a credit limit for each buyer and let the app hold, remind and collect.
Install on Shopify