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Balancing Credit Sales with Profits

Your Virtual Credit Manager

A clear example of the astuteness of the policies described in this article! The experts at Your Virtual Credit Manager are ready to help you improve cash flow and reduce AR risks during these challenging times. What do you need help doing? We are currently offering 33% off our standard SMB consulting rates.

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What are credit sales?

Chaser

Offering credit to business customers is a common practice among many businesses. Credit sales are a type of sale in which the customer is allowed to purchase goods or services now and pay for them later. As with all types of credit, there are several advantages and disadvantages to offering credit sales.

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Evidence It's Time to Adjust Your Collection Practices

Your Virtual Credit Manager

Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables). After September, free subscribers will only have access to the above portion of the weekly article.

DSO 130
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Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness.

DSO 130
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Freshbooks vs Quickbooks: Which is Best for Your Business?

Fundera

My friends at Fundera asked me to write an article comparing Freshbooks vs QuickBooks. So rather than a true Freshbooks vs QuickBooks piece, this is really a “which one does it better” article, and I’ve covered 3 categories: pricing, interface, and accounting functionality. Freshbooks vs Quickbooks: Pricing.

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Freshbooks vs Quickbooks: Which is Best for Your Business?

Fundera

My friends at Fundera asked me to write an article comparing Freshbooks vs QuickBooks. So rather than a true Freshbooks vs QuickBooks piece, this is really a “which one does it better” article, and I’ve covered 3 categories: pricing, interface, and accounting functionality. Freshbooks vs Quickbooks: Pricing.

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Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

Consequently, the credit manager was able to purchase credit insurance on his customer, and was therefore able to continue approving credit sales, within limits, to the chain store customer. There is a sequel to the case study referenced at the beginning of this article. it just might help them pay you sooner!