To keep a business running, you need cash flow. As obvious as this is, cash flow isn’t always what it is expected to be. You may make a lot of sales, but if customers aren’t paying their invoices on time you will be running on empty. Each industry has its own average days sales outstanding
Many small businesses extend credit to their customers as a matter of course without evaluating the cost and consequences of doing so. In most cases you will want to continue selling to your customers on credit but you should understand what it costs you, take reasonable steps to reduce this expense, and consider some alternatives.
Billing customers may seem like a simple task. Send an invoice and wait for your money to come in. So why is it taking so long every time? It may not simply be problems on your customer’s end, but little mistakes you’re making along the way in the billing process. These can be mistakes that
Anytime Collect is a leading CLOUD-BASED accounts receivable software. Made specifically for businesses selling on credit terms, Anytime Collect AUTOMATES invoice dispute management, cash forecasting, customer communications, invoice presentment, online bill pay and credit management. The entire collections process becomes QUICKER AND EASIER.