Your Virtual Credit Manager

OCTOBER 22, 2024

When a fraud isn’t quickly detected, legal action to recover past due invoices can impact unaware customers. In the movie “9 to 5” the general manager is having product shipped to a warehouse he controls in order to sell the goods on the side—an all to common scenario.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 130

Your Virtual Credit Manager

OCTOBER 2, 2024

If somebody mentions pledging your receivables, securitization, invoice finance, factoring, or purchasing receivables, they are referring to different means of collateralizing your AR. Your Virtual Credit Manager is a reader-supported publication. Do you need help assessing your customers’ credit risks?

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

NOVEMBER 21, 2023

If you haven’t yet implemented one or the other, there is no time like the present to incorporate them in your collection strategy. Readers of Your Virtual Credit Manager can access sharply discounted business credit reports & scores from D&B, Experian, or Equifax through our partner accredit.

Credit and Collections 130

Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

APRIL 4, 2023

Subscribe now The Problem with AR Clutter In a perfect world, your AR Ledger would contain only whole, current invoices; or at least nothing seriously past due. Invoice balances that remain unpaid 60 or 90 or more days beyond their due date are not providing any benefits.

Past Due Invoices 100

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

Your Virtual Credit Manager

NOVEMBER 14, 2023

If you discuss credit terms with a competitor, you are in violation of anti-trust statutes forbidding price fixing. Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. at 4-7 days past due versus the two weeks or more that is typical).

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

JANUARY 3, 2023

Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late. Match as many unapplied payments and unapplied credit memos to open invoices, deductions, and debit memos as possible. Please share this newsletter with your small business customers.

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130