HOW TO MANAGE THE COST OF CREDIT
Calculating and monitoring your lines of credit to customers can make a huge difference in your accounts receivable. For every invoice that you send out to customers, there is a cost associated. Are your
7 FEATURES TO CONSIDER DURING INVOICE SOFTWARE SELECTION
There are many different benefits too be realized from using invoice software, such as faster payment, removing payment barriers, saving time and automating communications. However, these benefits are only available if the right invoice software
HOW ACCOUNTS RECEIVABLE DEPARTMENTS CAN BEAT BAD DEBT
As an accounts receivable professional, you can often feel like you spend a majority of your time chasing people around. You’re calling them and emailing them trying to collect a payment and, sometimes, they
B2B COLLECTIONS BEST PRACTICES
Business-to-business, or B2B, collections can be a much lengthy transactional process than what most would consider. Everything from billing, decision making and customer relationship is different. A B2B environment also tends to have less customers
HOW TO ASK CUSTOMERS FOR OUTSTANDING BALANCE PAYMENTS OVER THE PHONE
One of the worst conversations to have with a customer is asking for an outstanding payment. It’s uncomfortable having to discuss financial issues with someone that you barely know. It can also be frustrating
FUNNY ACCOUNTING COSTUME IDEAS FOR HALLOWEEN
Halloween is just around the corner, and if you haven’t found your perfect costume yet, we have a few ideas. The best Halloween costumes are the funny ones, and what better way to show
THE BEST TOOLS FOR ACCOUNTS RECEIVABLE FOLLOW UP REMINDERS
One of the most important time spent in an accounts receivable professionals day is making follow up phone calls. Follow up phone calls are made to customers who have already been reached out to
HOW TO PRIORITIZE ACCOUNTS RECEIVABLE PHONE CALLS
In the accounts receivable department, representatives are often constantly trying to do more with less. It’s a constant battle to find the most efficient way to collect as much money as possible, especially if you’re
WHO DO YOU CALL FIRST IN ACCOUNTS RECEIVABLE?
One of the most important parts of being an accounts receivable collector is finding a prioritization flow to your day. In order to collect as much of your accounts receivable as possible, you need to
WHAT IS A CUSTOMER ACCOUNT STATEMENT & HOW TO WRITE A TEMPLATE
A client or customer account statement includes all the invoices for a particular account over a set period of time, usually one month. Many customers request or require statements from the accounts receivable department on
