Improving Accounts Receivable With Prompt Cash Flow
The article outlines five core guidelines to convert to cash basis and speed collections. Enforce consistent invoice terms, implement a quick reporting system, pursue effective collection calls, and aggressively follow up on overdue accounts. Resolve problems promptly to avoid discounts for undeserving customers and assess total exposure and past due balances. Consider software to forecast cash receipts and trends. Editor notes monthly Floresville visit by Bob Terry.
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