Vienna, Author at Cash in USA

What is Accounts Receivable Management?

Vienna
17 Feb, 2020
Accounts Receivable Management, Vienna's Views
accounts receivable collections, Accounts Receivable Management
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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.

The FDCPA and Your Collection Letters

Vienna
20 Jan, 2020
Collection Letters, Vienna's Views
collection agency, collection letters, FDCPA
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The FDCPA and Your Collection Letters As a small business owner or accounts receivable professional you may have concerns about what you can legally say in your collection letters – this brief article will address what you can say and what you should say. What Is the FDCPA? The Fair Debt Collection Practices Act (FDCPA)

Accounts Receivable Collection Letters

Vienna
7 Jan, 2020
Collection Letters, Vienna's Views
collection agency letters, collection letters
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Everything Changes Everything Stay the Same Accounts receivable collections has changed in 2020, and the use of accounts receivable collection letters has changed as well. What hasn’t changed is the need for a well thought out accounts receivable collection strategy when customers don’t pay as agreed. Back in 2011, I wrote: (This is the only sentence

What is Accounts Receivable? Definition

Vienna
4 Jul, 2019
Accounts Receivable Management, Vienna's Views
Accounts Receivable Management, accounts receivable system
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Accounts Receivable What is Accounts Receivable? Simple Explanation Accounts receivable represents money owed to your company by your customers. It refers to the money your customers owe you for goods or services that have been delivered or provided but not paid for. It represents a current asset on the balance sheet and reflects outstanding invoices

On Red Flags and Warning Signs

I know I’m beating the same old drum but it all bears repeating. It always (almost) comes back to you, not the guy who owes you the money, he’s got his own problems. If you want to avoid collections (doesn’t everyone?) you’ve got to pay attention… here’s a list of red flags and warning signs

Discounts & Late Fees

Charging late fees and offering discounts for early payment may seem like a no brainer to you but in fact there are differing opinions. In general, I’m not a fan of either. Our friends over at The Kaplan Group argue in favor of late fees and against discounts for early payment. Their experience with discounts

Mastering Accounts Receivable Collections

Vienna
28 Dec, 2018
Accounts Receivable, Accounts Receivable Management, Collection Prevention, Vienna's Views
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Tips, Tricks and Techniques In previous posts in the series, we’ve discussed the importance of using the right tools, scheduling the calls, documenting results, and generally how to systematize this process. Now, let’s talk technique. Effective collection calls blend preparation, strong communication skills, empathy, and persistence. By focusing on solutions and maintaining professionalism, you can

7 Ways to Guarantee Collections FAILURE!

Vienna
4 Apr, 2015
Bad Debt, Collection Prevention, Default, Vienna's Views
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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

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