We’ve talked now about how to use DSO as a management tool to monitor your accounts receivable. And we’ve talked about how to become more strategic about how to get paid when you have customers who are much larger than you are. Now we are going to drill down a bit and talk about a…
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Tools for managing accounts receivable – a mindset change from “collecting” to “expediting”
Most people think about managing accounts receivable or collecting as being a hard-nosed, demanding approach to making someone pay. It’s natural to think about the role of turning your receivables into cash as one of “collections”. You have to “collect” what you are owed. Makes sense, right? So the person charged with the responsibility for collecting…
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