Accountings Payable and Receivable 

Accounts Payable

Accounts Payable maintains and administers payments to vendors who supply products and services to the Corporation of the Town of Milton. Accounts are settled in a timely manner to avoid late payment and interest charges.

Frequency of cheque runs

Cheques are produced every Friday.

Standard payment terms

30 days unless otherwise negotiated with the vendor

Payment methods

Mailed cheques and electronic transfer of funds

Accounts Receivable

Accounts Receivable is responsible for the billing and collection of miscellaneous receivables for the Town, including overdue payments for services and NSF cheques.

Interest rate

An interest rate of 1.25% per month is applied to overdue invoices

Accepted methods of payment

Cash, cheques made payable to the Town of Milton, and debit card payments

Payment terms

30 days