In order to keep an eye on how the credit and collections team is doing. This can determine whether a business needs to tighten or loosen their restrictions on offering credit to customers, and can make or break their cash flow. One often used calculation is the accounts receivable turnover ratio. The accounts receivable turnover
ACH, or Automated Clearing House, is one of the fastest growing payment options in the U.S. Many consumers and businesses may actually be using ACH payments every day and not even realize this. In fact, the Electronic Payments Association states that each year ACH accounts for 23 billion electronic financial transactions and is responsible for
The only way to be able to manage and see exactly who owes you money and when in the collections department is by using an accounts receivable aging report. It is one way to keep everything organized and keep your team on track. Those that are latest in your aging report, get the first call.
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