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 receivable management would go far in helping reduce customer payment delinquencies, and maintaining healthy cash flow.
It is your accounts receivable manager’s responsibility to oversee your company’s outstanding credit sales. Among those responsibilities may be extending credit, engaging in collections, payment processing, account reconciliation, billing, and reporting. It would be advantageous to provide a training program for your AR manager so as to strengthen their performance in these areas, which in turn would strengthen your business.
In the next three articles we will discuss the various roles of the AR manager and ways in which you can assist them in better fulfilling those roles.
The Jayaram Law Group routinely and successfully assists its clients in their business-to-business (b2b) collection needs. We take pride in obtaining payment on accounts receivables without fracturing critical business relationships or engaging in time-consuming and costly litigation efforts.
If you need business debt collection services conducted in a professional manner, contact our B2B (business-to-business) debt collection law firm by calling 312.454.2859 or visiting www.jayaramlaw.com.