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. Clean up your AR Ledger In a perfect world, your AR Ledger would contain only whole, current invoices. Review your Credit and Collection Policies.

Past Due Invoices 130

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

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 2022, 55% of companies suffered at least one payment fraud attack, while 12% were targeted upwards of 10 times according to a report published August 2, 2024 by Trustpair.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 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. Using a report generator, it should not be difficult to create a report in CSV or XLS format that both lists and totals past due invoices by account.

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

Credit industry groups discuss the payment history of common customers, but they always have an independent moderator present so that customer discussion do not veer off onto the topic of how individual companies plan on selling those same customers in the future. These customers will require more intense follow up of past due invoices (e.g.,

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

Fundera

AUGUST 29, 2017

It’s called asset-based lending, and it’s an option that focuses less on your business’s past, and more on your present and the future. When working with a factoring company , the lender actually purchases your outstanding invoices outright in exchange for a flat sum, as well as for a percentage of payments received.

Past Due Invoices 75

Past Due Invoices Credit Scoring Default AR Aging 75