Your Virtual Credit Manager

JANUARY 3, 2023

” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Your Virtual Credit Manager

AUGUST 29, 2023

Please feel free to share this newsletter with your small business customers. Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables).

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

SEPTEMBER 19, 2023

It involves intensive management of the customer’s total receivable balance supported by a substantial reduction in their credit limit. However, if you can receive a steady stream of payments that continually reduce your AR exposure to this customer, it may be the best outcome you can achieve.

Credit and Collections 130

Credit and Collections Default Bad Debt Credit Risk 130