Business Tips

Five Steps for Managing Receivables

Age your receivables. Calculate your collection period and apply the “40-day/30-day” rule of thumb to see if you have a problem. Identify slow-paying customers. Pursue delinquent accounts vigorously. Identify fast-pay accounts and try to increase their number. (Source: Adapted from Control Cash & Credit, Recommend on Facebook Share on Linkedin Tweet about it Tell…

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