Remove Accounts Receivable (AR) Remove AR Aging Remove Order to Cash
article thumbnail

Evidence It's Time to Adjust Your Collection Practices

Your Virtual Credit Manager

There are a myriad of issues that can affect collections. As you review your metrics, here are five signs that there may be a problem with your collection practices: DSO Is Rising: Days Sales Outstanding is the most common metric for measuring accounts receivable (AR) performance.

DSO 130
article thumbnail

Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

From a credit management perspective, these are largely reactive topics. In fact, once you decide to sell a customer on open credit, most of the accounts receivable (AR) management tasks that follow have a reactive component. There is nothing wrong with that. it just might help them pay you sooner!

article thumbnail

Comprehensive Guide to Accounts Receivable Duties and Job Descriptions

Emagia

Accounts receivable (AR) is a critical component of a company’s financial health, representing the outstanding invoices or money owed by customers for goods or services delivered but not yet paid for. Efficient management of accounts receivable ensures steady cash flow and minimizes the risk of bad debts.