Your Aging Report – A Beginner’s Guide Vienna 6 Jun, 2022 Accounts Receivable, Collection Prevention, Vienna's Views accounts receivable, accounts receivable and collections, accounts receivable system No comment Your Aging Report – A Beginner’s Guide Bad Debt Prevention Part 3 What Is An Accounts Receivable Aging Report? Your accounts receivable aging report lists all of your open or unpaid customer invoices and groups them by the length of time the invoice has been outstanding. This grouping typically includes several time intervals which indicate Continue Reading…
2 Fast Ways to Improve Accounts Receivable Collections Vienna 21 Apr, 2022 Accounts Receivable, Vienna's Views accounts receivable, accounts receivable and collections, invoicing errors No comment There are a number of ways to improve your accounts receivable collections, and there are many good reasons to spend some time doing so. In 2019 Intuit released a global study about the cash flow challenges experienced by small business owners, entrepreneurs and the self-employed. They found that 62% have cash flow problems and as Continue Reading…
Getting Paid On Time & Pavlov Vienna 3 Dec, 2020 Accounts Receivable Management, Vienna's Views No comment Getting paid on time takes work, but done properly and consistently it pays off. I’ve maintained for years that in-house collections, done correctly is a very Pavlovian process. What I mean is, if you follow up on unpaid invoices, consistently and courteously, you will train your customers to pay faster. Have you ever noticed how Continue Reading…
Accounts Receivable Invoicing Errors Vienna 14 May, 2020 Accounts Receivable, Accounts Receivable Management, Collection Prevention, Vienna's Views No comment Accounts Receivable Invoicing Errors Bad Debt Prevention Part 2 Accounts Receivable Invoicing is step 2 in a 3 step path to payment. Step One – Sell Something Step Two – Create and Send an Invoice Step Three – Collect payment for the invoice When all goes well, it’s a simple and elegant process leading to Continue Reading…
Bad Debt Prevention Learn How Vienna 1 Apr, 2020 Accounts Receivable Management, Bad Debt, Collection Prevention, Vienna's Views bad debt, bad debt collections No comment Bad Debt Prevention Learn How Bad Debt Prevention Part 1 Bad Debt Prevention Read this 8 part series to discover the most common and preventable errors your accounts receivable department makes that can lead to bad debt losses. I believe, after nearly 30 years of making collection calls in over 40 industries, that many, if Continue Reading…
Accounts Receivable – Build Your System Vienna 20 Mar, 2020 Accounts Receivable, Vienna's Views accounts receivable, accounts receivable and collections, accounts receivable collection agency No comment Accounts Receivable – Build Your System Collection Prevention Part 6 Your Mission Should You Choose to Accept It Your objective as a professional accounts receivable collector is to contact every customer with a late invoice to find out if they have the invoice and when they plan to pay it. Then document what they say, Continue Reading…
What is Accounts Receivable Management? Vienna 17 Feb, 2020 Accounts Receivable Management, Vienna's Views accounts receivable collections, Accounts Receivable Management 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.
What is Accounts Receivable? Definition Vienna 4 Jul, 2019 Accounts Receivable Management, Vienna's Views Accounts Receivable Management, accounts receivable system No comment 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 Continue Reading…
How to Write a Collection Letter straxum 27 Jun, 2019 Accounts Receivable Management, Collection Letters, Vienna's Views No comment
Mastering Accounts Receivable Collections Vienna 28 Dec, 2018 Accounts Receivable, Accounts Receivable Management, Collection Prevention, Vienna's Views No comment 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 Continue Reading…
