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Small Business Newsletter  On a Personal Note Do I Have a Case?  Is Yours a Righteous Debt?

Bad Debt Prevention Learn How

Bad Debt Prevention Part 1 Bad Debt Prevention Read this 4 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 not most, collection problems are 

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Accounts Receivable Collections a Guide

A Guide to Accounts Receivable Collections The Objective The objective of Accounts Receivable Collections is to collect your companies outstanding invoices as close to the due date as possible, with as little effort as possible, in as little time as possible, using as few resources as possible,  without damaging your relationship with your customer or 

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Accounts Receivable Collection Letters

Accounts Receivable Collection Letters

Accounts Receivable Collection Letters In 2020 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, 

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Improve - Plan, act, review, adjust, repeat

Collection Prevention and Your Credit Collection Policy

Collection Prevention Part VI You Need a Plan! Or … and please don’t stop reading here “a Credit Collection Policy”.  Seems obvious enough right?  And yet, most of the small business owners I’ve worked with don’t have one. It really doesn’t have to be a big deal, a simple 1 page document outlining your Credit 

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small 100 dollar bill between fingers

Why Small Balance Collections is Important

I’ve been writing about the importance of Small Balance Collections for years but still many if not most people don’t agree with me.  Virtually everyone that I talk to wants to “focus on the big balances.”  On the face of it, that makes sense.  After all, the time it takes to collect a small balance 

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Accounts Receivable book

What is Accounts Receivable? Definition

Accounts Receivable What is Accounts Receivable? Accounts receivable is the money customers owe a business for the products and services they’ve purchased on credit from the business. It’s all of the invoices your company has generated for goods sold and services offered, added together. So, accounts receivable represents money owed to your company. What is Accounts Payable? Accounts payable 

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