If you work with a to-do list, many times you’re simply just pushing through everything that you need to do. You’re checking off the boxes as efficiently as possible. However, sometimes this isn’t the most

Many professional’s email inboxes get flooded with spam emails, so many that they struggle to find their most important emails among the masses. Due to these mass email blasts that so many accounting professionals

Your subject lines in collection emails make a huge difference in whether your customer will pay on their invoice. The invoice, payment reminder, and final collection email subject lines are the very first thing

When creating accounts receivable emails, whether they are new customer welcome emails, collection letters, reminder emails or past due notices, sometimes collectors can get stuck in a rut. You’re sending so many emails a day

Sageworks, a financial information company, recently conducted a financial statement analysis and found that of the many industries in which businesses operate, there are ten that typically have longer accounts receivable collection periods than

Companies have been using technology to improve performance and streamline processes for decades, but accounts receivable departments have been left behind to suffer through manual processes. While automating your accounts receivable process many not be

Whether you’re a CFO, a trained credit collections professional, or an office manager tasked with collecting invoices on credit sales, you know how bad it can be when customers pay late. Not only does

Spending more time than necessary in an Excel spreadsheet is the bane of an accountant’s existence. Often times when working on a spreadsheet we spend more time playing around with formatting and attempting to

As your business grows, using Excel spreadsheets to manage your accounts receivable and cash flow simply won’t do the job anymore. As hard as change is, you really need to consider a new way of

How productive are you in your day to day activities? Before you answer, think about what that really means. The term ‘productivity’ can be defined as the efficiency of a person in converting inputs into

Creating invoices for every customer can be a painful task. It’s extremely time consuming to create a new invoice every time. On top of that, some customers simply can’t pay if you leave out

The goal of a credit policy is to define the rules and regulations about how your business extends and manages credit, credit risk, invoice collection. Furthermore, your business credit policy should also outlines what

Also known as a demand letter, dunning letter, or past due letter, a collection letter is an integral part of your invoice collection process. The collection letter usually comes into play after the customer