SQ *VINTARAGE CHICAGO IL

In accounting, the term "sq vintarage" refers to a charge that is applied to the accounts receivable of a business. This charge is typically applied when a customer fails to pay their invoice within the agreed-upon timeframe. The sq vintarage fee is used to cover the costs associated with chasing down late payments, such as sending reminder letters or making phone calls. In some cases, the sq vintarage fee may also be used to cover the costs of hiring a collection agency. Depending on the terms of your agreement with your customer, the sq vintarage fee can be a flat fee or a percentage of the outstanding balance.