Once you’ve established the foundation of organizing your accounting system, the next step is to establish transaction policies to ensure the system works most profitably for your business. Be sure your policies and procedures are in place before taking on customers....

In recent articles we’ve discussed alternatives available to you should you find yourself spending more time performing collections tasks than running your business. Among those alternatives is hiring a professional collections attorney. Although many instinctively go...

In our previous article we discussed factoring your invoices as a means to help ease collections stress and obtain quick operating capital. However, factoring may not be an option for some businesses. For such businesses another option may be an accounts receivable...

If you’re spending more time performing collections tasks than running your business, then it’s probably time to consider alternatives. One such alternative is factoring. It’s a business financing tool which helps accelerate cash flow while also alleviating...

It goes without saying that communication is fundamental and vital to maintaining a profitable relationship with your clients. When it comes to retrieving money owed to you for products or services provided, basic to all businesses are collection calls and collection...

Have you ever seen that commercial about structured settlements where people energetically scream, “It’s my money, and I need it now?!!” Well you need to have that same energy and attitude when it comes to collecting from slow-paying or no-paying customers. It’s your...

In our most recent posts we’ve been discussing approaches to collections when customers are slow-paying or non-paying. In this post we’ll briefly discuss a three step approach to dealing with non-paying customers. 1. Communication The most important thing you can do...