In the previous three articles of this four-part series on Best Practices Fundamentals we examined accounts receivables management tips from three external sources. Now, in this final part of the series, let’s identify the core fundamentals that each of the sources...

In this third article of our four-part series on Best Practices Fundamentals we’ll take a look at a third and final set of best practices tips from the website of Solid Growth Accounting Services. “10 Accounts Receivable Best Practices” Email Invoices — This will...

In this second article of our four-part series on Best Practices Fundamentals we’ll take a look at these tips from First Merchants Corporation. “A Well-Oiled Machine: How to Better Manage Your Accounts Receivable” Offer credit carefully — Before granting credit to a...

It goes without saying that having an organized accounting system is critical to ensuring the proper functioning of any business.  And in particular, having an organized accounts receivable system is an essential element to maintaining steady cash flow and avoiding...

When you do a Google search for “accounts receivable management” or “accounts receivable best practices” you’ll find numerous results from various sources giving their list of key techniques and strategies for how to best handle accounts receivable. In the first three...

As we’ve discussed in a number of past articles, customer service is perhaps one of the most vital components in conducting business successfully and to your best financial advantage. It is also a crucial element in performing collections. Customer Service When...

In addition to possessing good attention to detail, an accounts receivable manager should also be highly organized and structured. Billing and Reporting AR managers should be trained in external and internal reporting. External reporting is made up of invoices and...

Attention to detail is an indispensable skill for an AR manager, and it is particularly useful in the troubleshooting and policy aspects pertaining to account reconciliation and credit extension. Account Reconciliation Where payments, finance charges, and balances are...

Your accounts receivables (i.e., your invoices) are your company’s most important assets. They not only represent sales that have yet to be paid for, but your company’s financing or line of credit may be directly tied to their value. Getting training in accounts...

With your three main foundations in place – an organized accounting system, transaction policies, and an optimized billing process – perhaps the most important foundation is customer service. Many business owners don’t usually relate customer service with collections...