ACCOUNTS RECEIVABLE


Cash Flow - Proper billing and accounts receivable management ensures a steady cash flow, allowing you to meet your financial obligations and weather unforseen challenges with confidence.

Customer Relationships - Smooth billing processes and clear communication about accounts receivable build trust and credibility with your customers. Conversely, mishandled invoicing or collection efforts can strain relationships and tarnish your reputation.

Operational Efficiency - By streamlining billng procedures and optimizing collections strategies, you can save valuable time and resources. This efficiency translates into improved productivity, allowing you to focus on core business activities and strategic initiatives.

Financial Stability - Effective management of accounts receivable reduces the risk of late payments and bad debt, safeguarding the financial stability of your business. With reliable cash flow projections and minimized financial risks, you can make informed decisions and pursue growth opportunities with confidence.

Included in this session to help you develop a solid understanding of Accounts Receivable:

  • how to know who to accept as customers
  • an explanation of sales orders and why to use them
  • tips to get your customers to pay you timely
  • a sample collections program
  • which management reports to review on a regular basis
  • a description and organization of the documents that flow through the order to shipping process
  • a template to help you create and document your operating processes

ALL CONTENT IS PURELY FOR EDUCATIONAL PURPOSES ONLY AND DOES NOT INVOLVE PERSONALIZED ADVICE OR SERVICES.