Your Virtual Credit Manager

MAY 14, 2024

Monitoring and tracking cash is a critically important activity for most small businesses (for more on that subject, check out “ Taking the Crystal Ball out of Cash Flow Forecasting ”). The experts at Your Virtual Credit Manager are currently offering 33 percent off our standard small business consulting rates.

AR Metrics 130

AR Metrics DSO Credit and Collections Accounts Receivable (AR) 130

Lendio

NOVEMBER 13, 2023

This method of cash flow management enables businesses to obtain immediate funds and mitigate risks associated with delayed payments or bad debts, thus improving their financial stability. The distinct structure of accounts receivable financing makes it stand out from most other types of small business financing.

Credit and Collections 52

Credit and Collections Accounts Receivable (AR) Credit Scoring Invoice Amount 52

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. Well, it’s not.

Deductions 130

Deductions Credit and Collections DSO Accounts Receivable (AR) 130

Your Virtual Credit Manager

MAY 23, 2023

Any subsequent collection expenses and bad debt write-offs are more easily recouped through additional sales than if your gross margins are low. Problematic customers, or debtors if you will, are much less profitable and more likely to cause a bad debt loss. The issue with problematic customers is profit dilution.

Bad Debt 49

Bad Debt Credit and Collections Deductions Credit Risk 49