Your Virtual Credit Manager
MAY 14, 2024
Since payment of Accounts Receivables (AR) is the primary source of regular cash inflows for most companies, you need to also track your AR to not only maintain its health as well as to better manage it and ensure maximum cash inflow. Why Are Metrics Needed if You Have an AR Ledger?
Your Virtual Credit Manager
OCTOBER 25, 2022
The result of timely and accurate Remittance Processing is an accurate Accounts Receivable (AR) Ledger, which provides the current status of every customer’s balance owed to you. Alienation of customers whose orders are unjustly held up because their payment has not yet been applied.
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Your Virtual Credit Manager
JANUARY 24, 2023
.” Utilize huge amounts of employee work time in Finance, Sales, Customer Service and Order Fulfillment in order to resolve. Overstate your Accounts Receivable (AR) balance causing problems with auditors and reductions in its collateral value if pledged as security in a financing (borrowing) agreement.
Your Virtual Credit Manager
SEPTEMBER 13, 2022
Photo by Jp Valery on Unsplash Payment deductions, also known as chargebacks or short pays, happen when the customer pays less than the full invoice amount. They occur because a customer does not receive your product or service as ordered, or feels the invoice is incorrect. Well, it’s not.
Lendio
NOVEMBER 13, 2023
If you’ve faced rejection from lenders in the past , you should devote a long look at accounts receivable financing. What are accounts receivable? These are typically in the form of invoices raised by a business and delivered to the customer for payment within an agreed-upon time frame.
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