more-arw search

Q&A Forum

Changing Payment Terms

Does anyone know where i can find a template stating that terms are changing to 60 days?


Topic Expert
Keith Perry
Title: Director of Global Accounting
Company: Agrinos, Inc.
(Director of Global Accounting, Agrinos, Inc.) |


I've always sent out a formal letter. Snail mail, letterhead, the whole enchilada.

Very basic, "Dear vendor, we are changing our terms in our POs to Net 60; (ref appropriate language, start dates for this, etc)"

So, you don't really need a template, just your letterhead.


Topic Expert
Scott MacDonald
Title: President/Owner
Company: AlphaMac Resources, Inc.
(President/Owner, AlphaMac Resources, Inc.) |

Are you increasing or decreasing? The wording of the letter or notice would be a little different.

Do you have terms stated in your contract? Has your legal counsel been involved? Lots of questions to answer before a letter is drafted.


Get Free Membership

By signing up, you will receive emails from Proformative regarding Proformative programs, events, community news and activity. You can withdraw your consent at any time. Contact Us.

Business Exchange

Browse the Business Exchange to find information, resources and peer reviews to help you select the right solution for your business.

Learn more

Contribute to Community

If you’re interested in learning more about contributing to your Proformative community, we have many ways for you to get involved. Please email to learn more about becoming a speaker or contributing to the blogs/Q&A Forum.