Accounts Receivable (AR) Deductions Small Businesses 
Your Virtual Credit Manager
JANUARY 24, 2023
Disputes and Deductions occur when a customer believes an order has not been satisfactorily fulfilled, or it has been invoiced incorrectly. Deductions occur when a customer pays an invoice less than the full amount (short payment) with no intention of ever making up the balance. The good news is your customer has sent you a payment.
Your Virtual Credit Manager
JULY 16, 2024
Once an order has been approved and fulfilled, the primary objective in terms of Accounts Receivable (AR) management is getting paid. You want to collect any small partial balances and recently past due invoices as well as the oldeest and largest past due balances. Some customers will always pay on time.
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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.
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. Share What Determines How Much Your AR Will Yield?
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! Share A Case in Point A parts distributor was having difficulty with collections and high dispute volumes.
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. We are currently offering 33 percent off our standard small business consulting rates.
Your Virtual Credit Manager
SEPTEMBER 17, 2024
For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. With so many competing priorities, it’s easy for receivables to take a backseat to other pressing operational tasks.
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