Managing Accounts Receivable in the Farming Industry

If you’re in the farming business, there isn’t a lot of time to be fretting over accounts receivable. A lot of hard work is put into growing and cultivating a farm, so nothing is more frustrating than when your customers don’t pay up. In fact, our experience is that most businesses take twice as long to pay as their terms causing significant delays in cash flow forcing agricultural, forestry, and fishing businesses to seek costly sources of working capital such as invoice factoring or high interest, short-term loans. Further, most agricultural, forestry, and fishing businesses must manage a variety of invoice disputes related to product quality, grade, and spoilage; freight or shipping issues; and more.

Don’t let all that “sweat equity” go to waste because time just isn’t allowing you to manage your accounts receivable.
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Improving QuickBooks Collections Strategy

QuickBooks makes accounting a lot easier in businesses but collecting on unpaid invoices tends to be difficult no matter what. There is only so much QuickBooks collections can do before it is on you to contact customers and demand payment. Improving your collections strategy can improve your cash flow and, ultimately, help you grow your business. There a few ways that you can change your strategy in QuickBooks collections.

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Accounts Receivable Software for Non-Profits Needed to Manage Growth

Non-profits are expecting to have a good year in 2016. A recent survey conducted by Capital One showed that 80 percent of non-profits expect to see increased revenue growth for the year. Although this increased revenue is a great sign for non-profits, they also report struggles for the year. The top challenge was reported to be an inability to keep up with technology, followed by financial operations.
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5 Tips to Get Your Customers to Go Paperless

Maybe you’ve already implemented an automated accounts receivable software, or maybe you’re still considering it. But the one thing that’s standing in your way is, “How do I get my customer’s to go paperless?” E-invoicing and using online payment portals are great and they get you paid faster, but if your customers aren’t using them it’s pretty useless.
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Collecting on Late Payments in Law Firms

The number one focus of a law office is not sending invoices and managing accounts receivable. Although accounts receivable is an extremely important aspect of any business, whether it’s a manufacturing company or a local law office, that is simply not what most lawyers focus on during their three years in law school.
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How to Get Invoices Paid Before the Due Date

It’s one thing to collect on your invoices before they end up in the red, far past their due date. It’s another to collect on your invoices before their due date. Imagine a world in which you are no longer chasing customers down or sending out multiple emails to try and get a hold of a customer. Your life would be much easier and your business’ cash flow would be stellar.
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How to Boost Your Accounting Confidence

The line is pretty clear between small businesses, there are those who use accounting software and those who don’t. To each his own, but studies show that there are massive differences in the way a business is run depending on their use of accounting software. Not only is it managed differently, but it has an overall effect on the accounting confidence of the business.
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Six Degrees of Separation and Your Accounts Receivables

Often times, it’s easy to forget that the global world around us can have an indirect impact on our business. Especially if we’re a small business that thrives on our direct community, when an international world leading business gets hit hard with bad debt, we’re simply glad we’re not in their shoes. However, the six degrees of separation theory isn’t far off when it comes to businesses and you may feel the impact of these business leaders bad debt.
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The Accounting Software Ecosystem

As technology continues to grow, we expect a lot out of the products we buy. We expect them to complete all of our tasks and make majority of what we do automated. Consider your smartphone. Not only can you make phone calls and send text messages, but you can send email, import your calendar, manage social media and even keep your grocery list handy. The same is now expected out of the software we use in our businesses.
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10 Signs You Have an Accounts Receivable Problem

Practicing accounts receivable management is one of the easiest ways to ensure your business has a healthy cash flow. Unfortunately, not all businesses know where to start with accounts receivable, or are simply engaging in bad habits. Accounts receivable is what keeps a business running, so if you’re not on top of your A/R game, you may have an accounts receivable problem.
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