Your Virtual Credit Manager

MARCH 14, 2023

Please feel free to share this newsletter with your small business customers. Collectors spend most of their time asking for payments While it is true collectors are constantly requesting payment of past due balances, once that request is made they end up spending most of their time resolving disputes and invoice discrepancies.

Collector 189

Collector Past Due Invoices Credit and Collections Bad Debt 189

Your Virtual Credit Manager

NOVEMBER 14, 2023

It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). The increased risk of a significant bad debt loss that your firm bears.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

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! 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.

Credit and Collections 246

Credit and Collections Accounts Receivable (AR) Days Sales Outstanding Past Due Invoices 246

Your Virtual Credit Manager

JANUARY 16, 2024

We are currently offering 33 percent off our standard small business consulting rates. Failure to Document All Communications Whenever there is a phone conversation or correspondence regarding a debt, even if not yet past due, it needs to be documented. What do you need help doing?

Debt Collections 130

Debt Collections Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

APRIL 4, 2023

Supporting profitable sales through the extension of credit Collecting as much of the AR generated as possible by or near the due date to ensure a substantial cash inflow Mitigating the risk of bad debt losses These tasks are best accomplished in a tidy environment. it just might help them pay you sooner!

Past Due Invoices 100

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 100

Your Virtual Credit Manager

JANUARY 3, 2023

Please share this newsletter with your small business customers. Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late. This included a 100 percent increase in past due collected. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Lendio

JANUARY 11, 2023

I’m a small business owner. Still, each project I work on requires me to commit my time or my team’s time, so I treat overdue invoices as if I were a homebuilder, too. I’m not talking a week or two: I’m talking about invoices that are a month late or more. Step 1 — Identify Overdue Invoices.

Past Due Invoices 52

Past Due Invoices Credit and Collections Bad Debt Credit Card Companies 52