Category: Accounts receivable
Improving Relationships Through Strategic Accounts Receivable Management
Ever heard the saying “Cash is king“? Well, it’s true! Let’s dive into how to manage your accounts receivable management effectively to keep the cash flowing in your business. Key Takeaways Effective accounts receivable management is essential for cash flow control and business success. ARM involves tracking owed funds, invoice administration, and risk assessment for […]
Accounts Receivable Reports That Get You Paid Faster
For your business to be profitable, you need a constant cash flow. This implies that your business needs to be paid on time and in total. Late payments and bad debts can constantly threaten good cash flow. So how do you ensure that you get paid faster and that these threats do not loom over […]
How do you correct accounts receivable that has a credit balance?
Essentially, a “credit balance” refers to an amount that a business owes to a customer. It’s when a customer has paid you more than the current invoice stipulates. You could be left with a credit balance in accounts receivable for many different reasons. For example, it could be because the customer has overpaid due to […]