Accounts Receivables Archives - Page 6 of 6

Top 5 reasons your customers are not paying you on time

Did you ever wonder why your customers are not paying you on time? It’s one of the more frustrating aspects of running any size business. Customers contact your business, you provide the service that you promised and then in some cases, you’re left to chase that customer for the money they owe you.

And because you have other customers to serve, and a whole host of other obligations to run your business adequately, you and your staff now must expend time and other resources to get that customer to pay.

Your accounts receivable process is just part of running a business of any size. Customers are going to pay on time, some are going to pay late, […]

David Greenwood2022-03-15T09:51:27-04:00March 4th, 2022|Categories: Accounts Receivables, Advice for Businesses, Small Business Collections|

Ask yourself these 5 questions before starting collection activity

Before sending any customer to a debt collection agency, it’s important for a business of any size to conduct its due diligence to try and resolve that matter. Having an established relationship with a reputable collection agency is an important part of your overall accounts receivable program. But it is critical for your business to understand how a customer got to the point of collection activity before implementation.

You and your staff should be able to answer the following questions before a customer is put into collections. And this is also a great guide for your business as you clean up your accounts receivable systems. […]

David Greenwood2022-03-15T09:52:58-04:00March 2nd, 2022|Categories: Accounts Receivables, Advice for Businesses, Small Business Collections|

What our debt collection team wants you to know

We have assembled a fantastic group of professionals here and we believe we have some of the best debt collectors in the country. And it didn’t happen by accident. We have been able to put together this team for several reasons and because of this, both the businesses we serve and the consumers we speak with every day benefit from this well-trained and dedicated team.

The job of a debt collector not only requires ongoing and professional training as well as knowledge of current laws but it is also beneficial when the collector truly cares about the outcome of the current situation they are working on. And that must include making sure the consumer is set […]

David Greenwood2022-02-18T10:45:35-05:00February 21st, 2022|Categories: Accounts Receivables, Advice for Businesses, Team APR|

Accounts receivable practices when your business solves problems quickly

There are all types of businesses where serving the customer quickly just comes with the territory. Those businesses that offer any type of emergency or urgent service either in-home or at your location can experience issues with cash flow because there will be times when customers and clients are not prepared to pay.

There are all types of businesses that fall into this category of emergency services and serving people on short notice. Everything from the veterinarian, plumbing and heating contractors, septic repair services, HVAC professionals, and restoration contractors to name a few. Your customers rely on your quick expertise to make their lives easier. […]

David Greenwood2022-03-15T09:55:34-04:00February 18th, 2022|Categories: Accounts Receivables, Small Business Collections, Veterinarian Collections|

Businesses must focus more on debt collections in 2022

It should be no secret to anyone owning or running a business. It is slowly getting more expensive to operate a profitable business and it is not getting any less costly. Costs associated with just about everything on your expense sheet have gone up during the past 12 months.

And as you’ve also seen, the pandemic caused many people to spend more money. We have seen this mostly in the form of home improvements as well as other items to make working and living at home more enjoyable. While statistics have shown that people have saved more recently, they have also been willing to purchase more.

Financial stress is a real thing, especially for those operating a […]

David Greenwood2021-12-08T07:51:51-05:00December 8th, 2021|Categories: Accounts Receivables, Advice for Businesses, Small Business Collections|

5 ways to build cash flow by end of year

Improving cash flow should be a year-round process for your organization. Looking at the backbone of your business should not happen once a year. It should always be a top priority when running a business of any size.

That being said, when we get towards the end of the year, it does provide a business with an opportunity to take a deeper look at the health of the business and ways to improve cash flow before the start of a new year. If your business does have any challenges with cash flow, you’ll want to correct those before you start off the new year.

You don’t want to start next year off in a negative cash flow […]

David Greenwood2021-10-29T08:33:54-04:00November 1st, 2021|Categories: Accounts Receivables, Advice for Businesses|

Is your business making these 4 cash flow mistakes?

Cash flow is king when it comes to sustaining your business long-term. And it doesn’t matter if you are running a small business or a nationwide organization, cash flow is the backbone of any size company. If you’re not paying close attention to the status of your cash flow, you could find your business with a financial challenge very quickly.

As a collection agency working with all sizes of organizations and their accounts receivable management, we are often asked to take a look at how our team can improve the cash flow of our clients. When we start out, we offer an initial assessment of what we see and that conversation sometimes leads to us […]

David Greenwood2021-10-29T08:34:12-04:00October 29th, 2021|Categories: Accounts Receivables|

How to manage your small business accounts receivables like the pros

Just because you’re managing and operating a small business doesn’t mean you need to act small. And that has never been truer than in the case of accounting, tracking the money that goes in and out of your business, and detailing exactly what your customers owe you.

Gone are the days of verbal commitments and writing orders and changes on pieces of scrap paper. And if your business is guilty of these or any other older and simplistic tactics to run your business, we have a few pieces of advice for you to make sure you can improve your cash flow and get paid for exactly what you’ve done. And keep track of it all in […]

David Greenwood2021-10-01T10:42:20-04:00September 22nd, 2021|Categories: Accounts Receivables|

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