Our Top 5 Most Popular Accounts Receivable Best Practices of 2015

2016 has arrived but before we get too far into the New Year, let’s take a moment and look back on some of our most popular blog posts from 2015. We have published hundreds of blogs over the past year , so there is no way you read them all. To help you catch up, we’ve put together our most visited blogs of the past year so you can begin 2016 with some of our most popular tricks, tools, and accounts receivable best practices to improve cash flow and grow your business.

First Collection Letter – A Friendly Reminder about a Past Due Invoice

An accounts receivable collection letter should be a strategic and evolving tools in your credit collection process. As time goes on and invoices continue to go unpaid, your collection letters should change – you don’t want to send the same message to a customer who is 10 days past due as you would to someone who is 90 days past due if you want to be effective. This is the first article in a series of articles that walks through various stages of the collection process and provides a sample collection letter for each step. Click here to read the full article.

Critical Metrics for Measuring Accounts Receivable Performance

Monitoring your accounts receivable performance is the first step in improving the way you manage it; after all, “If you don’t know where you are going, you will probably end up somewhere else.” (Laurence JPeter)In this article we’ve compiled and explained, in plain English, some of the most important metrics you should consider when measuring accounts receivable performance and how to interpret them to better gauge the health of your accounts receivable and improve it in the future. Click here to read the full article.

Quickly Collect Past due Accounts Receivable with Exceptional Collection Calls

Let’s be honest, nobody likes to make collection calls, so it makes sense that you want to make sure you are getting the most out of the conversation. Whether you are new to accounts receivable or if you are a veteran of the trade, this blog provides 6 tips to make your collection calls more effective than ever so you can make the most of each conversation. Click here to read the full article.

6 Questions Your Business Credit Collection Policy Must Answer

In another article we explained what exactly a business credit policy is and the importance of making sure it’s updated regularly; but what is the goal of a business credit collection policy? How do you make sure it is effective? Your credit and collections policy can be as in depth or as brief as you would like, but keep in mind that even the most basic policy should help a company answer the questions outlined in this blog. Click here to read the full article.

How to Calculate Credit Limits for Customers

You have weighed the pros and cons of extending credit to customers, have deemed the customer in question to be a good credit risk, and now you need to figure out how much credit to offer. This is not something to gamble on, setting appropriate credit limits is important to ensure you are giving the customer what they need, but also protecting your organization against financial instability. Here are three ways to calculate credit limits for customers to help you reap the benefits of credit sales while mitigating the risks. Click here to read the full article.

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