Hi Sunny,
I can answer your questions from my accounting experience.
We have two possible Invoicing frequencies.
Monthly invoicing - 30 days terms from the commencement of the month you are billing. This generally means there's little to no lag when the services are rendered to when they are paid. I.e. Service started on 1st September, 30 day terms would be 1st October.
Annual invoicing - This is where you'll usually see the stretch of the payment terms, but the upside is that at the due date you'll also have revenue in advance. Lets say the service commenced 1st January but the terms are 90 days. You wouldn't expect to receive a dime until at the end of March, but when the payment is made it will be for the entire year you are in. I.e. Once you hit April you'll receive 12 months of revenue (3 months owing, 9 months in advance).
Generally speaking most large companies that RFN are dealing with would not have cash flow problems, and you'd find that their Accounts Payable would pay the debt when the invoice is first introduced during the monthly payrun - so before due date.
These invoicing notes left by RFN are straight forward for clients and are reassuring.
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