What is Accounts Receivable Management? Kevin 17 Feb, 2020 Accounts Receivable Management, Vienna's Views No comment Accounts Receivable Management is the work you need to do so that you or your company can get paid. Generally speaking, the faster you can collect your outstanding invoices, the healthier your cash flow, and therefore, your company is. Share this:TwitterFacebookLinkedIn
7 Ways to Guarantee Collections FAILURE! Kevin 4 Apr, 2015 Default, Vienna's Views No comment Accounts Receivable and Debt Collection Failures Most small business owners know they have to do something to collect receivables in a timely manner. Even if you don’t know the statistics, personal experience has surely taught you that not everyone pays on time, and those late payments cost you money. Does this scenario sound familiar? Business Continue Reading… Share this:TwitterFacebookLinkedIn
How to Collect Small Balances Kevin 17 Oct, 2014 Default, Vienna's Views No comment Collecting Small Balances I wrote an article last year about collecting small balances and in it I suggested that “putting a simple system in place for collecting your small balances will reap the rewards without draining you of time and energy” but I didn’t give you the system. Don’t know what I was thinking. So Continue Reading… Share this:TwitterFacebookLinkedIn
How to Send an Overdue Bill to Collections Kevin 24 Aug, 2014 Bad Debt, Vienna's Views No comment Sending Over Due Bill to Collections I was recently surprised by the question – “How do I send an overdue bill to collections?” I suppose I’m so immersed in this world of accounts receivable and debt collection I’d forgotten not everyone knows what to do or how to submit a bad debt to a collection Continue Reading… Share this:TwitterFacebookLinkedIn
Pavlov and Getting Paid On Time Kevin 30 Jun, 2014 Accounts Receivable Management, Vienna's Views No comment 2014-06-29 I’ve maintained for years that in-house collections, done properly is a very Pavlovian process. (I’m not sure Pavlovian is really a word, but it ought to be) What I mean is, if you follow up on unpaid invoices, on time and consistently, you will train your customers to pay faster. Have you ever Continue Reading… Share this:TwitterFacebookLinkedIn
Small Balances – Why bother? Kevin 13 Aug, 2013 Accounts Receivable Management, Vienna's Views accounts receivable, small balances, systems Small Balances There are several good reasons… the first that comes to mind, small balances add up. One customer of ours was racking up close to $30,000 a month in unpaid small balances when we came on board. Your situation may not be that bad, but whatever the amount, if the number of unpaid small Continue Reading… Share this:TwitterFacebookLinkedIn
Collection Prevention Kevin 10 May, 2013 Accounts Receivable Management, Uncategorized, Vienna's Views No comment Small Business Collection Prevention “An ounce of prevention is worth a pound of cure” Benjamin Franklin – Sayings like this stick around for for 300 or 400 years for a reason. Losing weight is harder than not gaining weight, having heart surgery is harder than exercising for 20 minutes a day, and proactively preventing collection issues is Continue Reading… Share this:TwitterFacebookLinkedIn
Your Customer is Out of Business! Now What? Kevin 21 Apr, 2011 Uncategorized, Vienna's Views No comment Debt Collection Solution So, your customer went out of business owing you a pile of money and you’re wondering what to do next. If you’re reading this I imagine you’re hoping for some kind of collection agency magic trick to get your money back, and there are a few things you can do to try to Continue Reading… Share this:TwitterFacebookLinkedIn
