Let's face it, managing Accounts Receivable manually is thankless work; filled with exhaustive, repetitive tasks, and the occasional upset customer (especially at scale). The endless spreadsheets, follow up calls, reminder emails, etc, can consume […]
Payment automation is a tool that you are much more familiar with that you might think-- Do you use a media platform that automatically charges you each month for its service? Then you already know how convenient it is to not have to worry about […]
Net payment terms on have been around forever, but they’re still difficult to deal with. One of the reasons payment terms were so long in the first place (60, sometimes 90 days) was because you had to physically mail payments back before everyone […]
DSO gives useful information about the health of the cash flow in your business. The formula can be applied to different lengths of time for comparing different aspects of your cash flow.
Your cash flow is important. The faster money comes in, the better off you are. Below are ten tips to get your customer paying faster.
What is cash flow? Cash flow is the amount of money coming and going from your account every month. Take into account all your sources of income and the frequency of payment and chart it. Next, take all your expenses (one time, weekly, monthly, […]
Invoice collection is a tricky subject, but there are a few strategies with accounting software that outshine all the others. Consistency creates reliability. You and your entire organization rely on that cash flow.
Late payments are a huge problem. With so much advice floating around about always paying your vendors late, that tactic to improve your cash flow can be incredibly tempting.