Accounts Receivable (AR), Bad Debt and Deductions

Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

JANUARY 17, 2023

Photo by Alex Radelich on Unsplash When small businesses add customers and increase sales, their company’s Accounts Receivable (AR) will grow. it just might help them pay you sooner! These benefits will only increase as a company experiences sales growth.

Credit and Collections

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices

The Case for Outsourcing Collections

Your Virtual Credit Manager

DECEMBER 24, 2024

Perhaps more than any other SMB function, Accounts Receivable (AR) Management gets put on a back burner because it is nobody’s prime responsibility. The only time AR comes to the forefront is when there is economic turmoil and an increased risk of bad debt losses. What else can be done?

Credit and Collections

Credit and Collections Collector Bad Debt Accounts Receivable (AR)

Should You Outsource AR Management?

Your Virtual Credit Manager

APRIL 18, 2023

So, how can a small business acquire high level functional expertise with its “Jack of all trades” workforce, especially in regard to managing the Accounts Receivable (AR) asset? to minimize the chance of bad debt loss. One way is to outsource the function. Then you have a cost/benefit comparison.

Bad Debt

Bad Debt Credit and Collections Third Party Collections Accounts Receivable (AR)

Are You In Control of Your Receivables?

Your Virtual Credit Manager

OCTOBER 17, 2023

(Photo by Jandira Sonnendeck on Unsplash ) In most cases, you therefore have to extend credit to your B2B customers, which entails the following risks: Not being paid anything Being paid an amount less than the full invoice value Not being paid on time, whether in full or in part These outcomes are known as credit risks.

Bad Debt

Bad Debt Credit and Collections Credit Risk Accounts Receivable (AR)

Evidence It's Time to Adjust Your Collection Practices

Your Virtual Credit Manager

AUGUST 29, 2023

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. If DSO is rising, you are falling behind.

DSO

DSO Credit and Collections Bad Debt Collection Effectiveness Index

Is Your O2C Process Optimized for Superior AR Performance?

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Specifically, Credit and Collections is responsible for approving new customers for credit terms and managing orders at the beginning of the O2C cycle, while also monitoring risks within the Accounts Receivable (AR) portfolio and collecting overdue payments, both of which are post-sale activities.

Credit and Collections

Credit and Collections DSO Deductions Accounts Receivable (AR)

Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

MARCH 21, 2023

Subscribe now Lessons to Be Learned Looked at from the perspective of somebody responsible for the management of a portfolio of accounts receivable (AR), the events surrounding the SVB collapse present a cautionary tale. The role of credit should not be focused on preventing bad debt losses, but rather maximizing profits.

Accounts Receivable (AR)

Accounts Receivable (AR) Bankruptcy Bad Debt Credit and Collections

Are Your Profits Going Up in Smoke?

Your Virtual Credit Manager

SEPTEMBER 13, 2022

Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Many firms incur a substantial volume of deductions.

Deductions

Deductions Credit and Collections DSO Accounts Receivable (AR)

How Healthy Is Your Accounts Receivable?

Your Virtual Credit Manager

FEBRUARY 21, 2023

That certainly holds true for business processes, including the management of your Accounts Receivable (AR) and the part it plays in the order-to-cash process. If your AR is deteriorating, you better diagnose the problem as quickly as possible so you don’t incur cash flow problems and bad debt losses.

DSO

DSO Credit and Collections Collection Effectiveness Index Bad Debt

Position Your AR to Enhance Working Capital

Your Virtual Credit Manager

OCTOBER 2, 2024

Accounts Receivable (AR) reflect a promise of payment at a future date. Though a paper asset, AR competes with Property, Plant and Equipment as well as Inventory for being the largest line item on a company’s balance sheet. This will be based on your recent AR Dilution history and historic industry dilution rates.

Past Due Invoices

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR)

Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Effectively managing accounts receivable (AR) is essential for a company's financial well-being. Poor receivables performance affects cash flow, and it is no secret that cash flow problems are the leading cause of business failures. This in turn creates more work for your AR team.

Credit and Collections

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions

Is Your AR Management up to the Task?

Your Virtual Credit Manager

APRIL 11, 2023

Accounts Receivables (AR) require active management. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial. Business failures are the norm.

Bad Debt

Bad Debt Credit and Collections Accounts Receivable (AR) Days Sales Outstanding

Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

JANUARY 9, 2024

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.

Credit and Collections

Credit and Collections AR Aging Accounts Receivable (AR) Deductions

Supercharge Your Collections

Your Virtual Credit Manager

SEPTEMBER 17, 2024

Photo by Willian Cittadin on Unsplash ) Neglecting collections can also lead to longer payment cycles, strained client relationships, and an increase in bad debt. Implement Workflow Solutions: Software as a Service (SaaS) solutions are an economical way to enhance productivity.

Credit and Collections

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk

It's Time to Give Your AR Ledger a Spring Cleaning

Your Virtual Credit Manager

APRIL 4, 2023

With a growing number of experts predicting a recession to hit later this year, and inflation and interest rates remaining at elevated levels, squeezing every dollar out of your investment in Accounts Receivable (AR) is more important than ever. Remember, a “clean” AR Ledger is the objective.

Past Due Invoices

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR)

The Importance of the Accounts Receivable Aging Report

Gaviti

APRIL 18, 2024

As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (AR) collections aging report. What Is an AR Aging Report? This ensures your invoicing processes are aligned with their accounts payable. Disputes and deductions. Get a demo today.

AR Aging

AR Aging Credit and Collections Bad Debt Allowance for Doubtful Accounts

7 Best Accounts Receivable (A/R) Automation Software Vendors

Gaviti

JULY 11, 2024

Disputes and deductions. Track, code, route and resolve customer disputes and deductions quickly by identifying recurrent issues and taking a proactive approach to future issues. Streamline Your A/R Processes Today Gaviti’s accounts receivable automation solution streamlines your A/R processes and helps your team work better.

DSO

DSO AR Automation Credit and Collections Bad Debt

Comprehensive Guide to Writing Off Accounts Receivable (AR)

Emagia

DECEMBER 3, 2024

Introduction to Writing Off Accounts Receivable In the realm of financial accounting, managing accounts receivable (AR) is crucial for maintaining a company’s financial health. However, not all receivables are collectible, leading businesses to write off certain amounts. Generally, no.

Accounts Receivable (AR)

Accounts Receivable (AR) Allowance for Doubtful Accounts Bad Debt Credit and Collections

Credit Management Source

Sales Commissions Impact the Collection Process

The Case for Outsourcing Collections

Trending Sources

Should You Outsource AR Management?

Are You In Control of Your Receivables?

Evidence It's Time to Adjust Your Collection Practices

Is Your O2C Process Optimized for Superior AR Performance?

Seven Observations from Silicon Valley Bank's Failure

Are Your Profits Going Up in Smoke?

How Healthy Is Your Accounts Receivable?

Position Your AR to Enhance Working Capital

Is Your AR Generating All the Cash Flow It Should?

Is Your AR Management up to the Task?

Resolve to Be More Proactive in 2024

Supercharge Your Collections

It's Time to Give Your AR Ledger a Spring Cleaning

The Importance of the Accounts Receivable Aging Report

7 Best Accounts Receivable (A/R) Automation Software Vendors

Comprehensive Guide to Writing Off Accounts Receivable (AR)

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