• COMMON REASONS CUSTOMERS AREN’T PAYING
    • 23

    COMMON REASONS CUSTOMERS AREN’T PAYING

    No collections department is free of crazy payment excuses. In fact, if you’re a small business you’re more likely to come across late payment excuses. Dun & Bradstreet reported that majority of the culprits for taking a long time to pay their debts are large businesses with over 500 employees, leaving small businesses to try

  • THE LINK BETWEEN PSYCHOLOGY AND ACCOUNTS RECEIVABLE
    • 44

    THE LINK BETWEEN PSYCHOLOGY AND ACCOUNTS RECEIVABLE

    When a customer doesn’t pay on time, we can spend a lot of time wondering “why?!”. Wouldn’t it have been much easier for them to have simply paid the invoice on time, instead of causing all of the backlash for themselves and their company? Of course, there are accounts where they really didn’t have the

  • RECOGNIZING AND REDUCING ACCOUNTS RECEIVABLE EXPENSES
    • 45

    RECOGNIZING AND REDUCING ACCOUNTS RECEIVABLE EXPENSES

    How much are your outstanding invoices currently costing you? Many businesses factor in the cost of credit on a high level, but the true cost of accounts receivable is rarely calculated or focused on as a way to increase cash flow. When you sit down and fully calculate your accounts receivable expenses, the number can

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