Summary
Summary 11 Ways to Improve Accounts Receivable Collection
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4
Uploaded on
11-01-2023
Written in
2022/2023
Many small businesses do a good job delivering their goods and services but then find it difficult to collect payment, often causing a cash flow crunch. This may be because the credit worthiness of a customer was not properly investigated in the beginning or it may be that insufficient attention was paid to monitoring and collecting invoices due. Either way, it behooves a business owner to establish reasonable credit policies, use proven techniques to optimize cash flow and enforce terms in a diplomatic but firm manner because "the sale isn't complete until the money is in the bank".
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Institution
Managerial Accounting
Course
Managerial Accounting
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Written for
- Institution
- Managerial Accounting
- Course
- Managerial Accounting
Document information
- Uploaded on
- January 11, 2023
- Number of pages
- 4
- Written in
- 2022/2023
- Type
- Summary
Subjects
- 11 ways to improve
-
accounts receivable collection
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