Accounts Receivable

  • All invoices are payable on the 10th of the month, in accordance with the dealer's Acceptance of Terms for each product line program
    • Payments received after the 10th are subject to a loss of discounts and a finance charge for the number of days past due
    • Floor plan is due under the guidelines of the product plan number or when sold - whichever comes first
  • Dealer agrees to pay on the 10th of the month for all units sold prior to the due date(s)
  • Statement cut-off is the 25th of the month; finance charges are calculated from the 10th of the month on past due invoices
    • If the 25th falls on a Saturday or Sunday, the cut-off will be the Friday before
    • If the 25th falls on a holiday, the cut-off will be the last working day scheduled by OED
  • Invoices for $100 or less for merchandise that qualifies for installment payments are subject to be billed with a single due date
  • Available discounts and/or allowances may be utilized if your payment is received at OED by the 10th of the month
  • Credit memos should be utilized within the current statement cycle
  • Payments may be made anytime on our website 
    • Online Bill Pay is a real time balance of your account and is available 24/7 - it is the quickest and most cost-effective way to manage your account
    • You have the option of paying with a credit card or E-Check
      • Credit Card payments incur a 3% convenience fee
      • There is no fee for E-Check transactions
  • Past due accounts do not qualify for free freight and orders are subject to being held until payment is made