Your Virtual Credit Manager

JANUARY 17, 2023

It is important to keep in mind that trade credit — selling on terms in a B2B environment — is greatly affected by the transactional process. it just might help them pay you sooner! When changing the commission structure represents a major change for the Salesforce, a graduated approach over one or two quarters is recommended.

Credit and Collections 246

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

Chaser

SEPTEMBER 30, 2024

Past due carries significant implications in the realm of financial transactions. It signifies unpaid invoices or payments that have exceeded their designated due date, leading to a disruption in the smooth flow of cash within a business.

Past Due Invoices 52

Past Due Invoices Transactions 52

Your Virtual Credit Manager

OCTOBER 22, 2024

Those policies and procedures, however, also need to include practices designed to mitigate the risk of fraudulent transactions. (Jp When a fraud isn’t quickly detected, legal action to recover past due invoices can impact unaware customers.

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 130

Your Virtual Credit Manager

OCTOBER 2, 2024

Clean up your AR Ledger In a perfect world, your AR Ledger would contain only whole, current invoices. No seriously past due invoices and no “Clutter.” First focus on the “problem” accounts with significant past due as well as any other accounts that have aged over 60 days past due.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 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. Be decisive and action-oriented.

Past Due Invoices 100

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

Your Virtual Credit Manager

APRIL 25, 2023

Share The Importance of Aligning Sales and Credit It is important to keep in mind that trade credit — transactions between companies — is very different from commercial lending. With trade credit, the transaction involves the purchase of goods and services, not money. The money advanced is the credit being granted.

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Your Virtual Credit Manager

SEPTEMBER 10, 2024

Orders should be assessed promptly to ensure they comply with credit approval parameters, such as sufficient credit limits and the absence of past due invoices beyond the grace period. Orders on credit hold must be addressed quickly, and unresolved issues should involve communication with sales and customer contacts.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130