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Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. It is more efficient to send these reminders as soon as the invoice is issued and also another reminder at least a week before the payment is actually due.
Your business may be seeing peak sales, but still struggling to have enough cash on hand to maintain comfortable business operations. If this sounds like your company, then the best solution is to accelerate your accounts receivable collection so you can turn sales into capital you can actually use to maintain your business.
Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoicepayments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.
Not receiving timely payments at regular periods makes it difficult for you to pay your vendors and suppliers on time as well as make payroll. If late invoicepayments cause you to miss loan repayments, it can impact your credit, and, if it continues, can land you in court. Offer different payment options.
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