Your Virtual Credit Manager

NOVEMBER 28, 2023

Whether you have automated AP or not, you’ll need to generate a comprehensive listing of all vendor invoices with their amounts and due dates, which you can then sum up into weekly or monthly payment forecasts. Other common inflows may involve rent you charge, royalties, and financing, all of which are easy to forecast.

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Credit and Collections Invoice Disputes 130

Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Accounts Receivable (AR) 100

Your Virtual Credit Manager

MAY 9, 2023

Should you forecast a cash shortage at any point, you will then have time to: Devise ways to increase your cash inflow, often involving more aggressive collections of your accounts receivable Plan which expenditures can be reduced and/or delayed Not a subscriber … why don’t you take advantage of a free YVCM subscription?

Cash Forecasting 130

Cash Forecasting Accounts Receivable (AR) Invoice Disputes Credit and Collections 130