September 2019 Newsletter
Sep 01, 2019
Keeping Accounts Current is a Sign of a Healthy, Well Managed Operation
Have you paid your account? The end of our fiscal year was August 31. During the month of September, Farmers Cooperative will have its books audited to determine how financially successful your cooperative has been the past year. The auditors will look at our accounts receivable to see if we are collecting accounts in a timely manner. It’s a bad reflection on the cooperative’s operations if accounts are slow, old, and deemed doubtful. According to Farmers Cooperative’s credit policy, there should be no accounts receivable over 60 days. All purchases made on credit during the month are due in full by the end of the month following the statement date. Following the credit policy will help you avoid paying finance charges and will help your cooperative’s financial strength and stability. Please pay your August statement before September 30th. Thank you for your cooperation!READ MUCH MORE >