Your Virtual Credit Manager

JANUARY 3, 2023

What’s Involved in “Cleaning” an AR Portfolio In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Over time, AR Ledgers unfortunately tend to collect “Clutter.”

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Emagia

MARCH 3, 2025

Cash Application Once payments are received, they must be recorded correctly and matched with the corresponding invoices to ensure accurate financial records. Dispute and Deduction Management Disputes arise due to billing errors, quality issues, or service discrepancies. Use automated reminders to reduce delays.

Days Sales Outstanding 40

Days Sales Outstanding DSO AR Reporting Credit and Collections 40

Your Virtual Credit Manager

NOVEMBER 14, 2023

If your high risk customers are very risky and numerous, the insurance premium may far exceed your average yearly bad debt losses. The other policy conditions (deductibles, co-pays, etc.) are acceptable and make economic sense. Insurers want to be paid for the risk they bear.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

The Esker Blog

JANUARY 10, 2023

With cash application, this could look like multiple AR clerks spending 70% (or more) of their days on manually reconciling cash, making it impossible to dedicate the time needed for claims and deductions and other responsibilities. Suspend your usual activity and prioritize activities according to your business’s needs.

AR Aging 95

AR Aging Accounts Receivable (AR) Credit and Collections Past Due Invoices 95

Emagia

FEBRUARY 5, 2023

These days, with various data points related to your customers available in the public domain and technologies available to collect and analyze them in the way it is required, the credit authorization process is mostly driven by data and analytics provided by AR automation tools.

AR Automation 52

AR Automation Days Sales Outstanding DSO Credit and Collections 52

Emagia

JULY 10, 2023

An accounts receivable journal entry intends to ensure that financial activities related to credit sales are documented and entered into the company’s accounting records. These entries are usually made in the general ledger, or sometimes in a subsidiary ledger. What is an Accounts Receivable Journal Entry?

AR Automation 52

AR Automation Transactions Deductions Credit Sales 52

Emagia

NOVEMBER 2, 2023

These technologies enable processing of all incoming documents in any format, ultimately improving the efficiency of the AR cycle and bolstering the overall financial health of the business. Traditional methods required manual data entry and invoice matching, which was not only time-consuming but also prone to errors.

Cash Applicator 52

Cash Applicator Accounts Receivable (AR) AR Automation Order to Cash 52