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The Importance of the Accounts Receivable Aging Report

Gaviti

What Is an AR Aging Report? As an assessment and diagnostic tool, it’s hard to overstate the importance of your company’s accounts receivable (A/R) aging report. AR aging reports provide concrete information that can be used to take action. An aging report also analyzes how your customers’ companies work.

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Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

Segmenting your receivables can be based on any number of criteria: industry type, distribution channel, customer risk rating or score, credit limit, AR aging and so on. While these are all useful as a secondary segmentation, the place you want to start is with customer annual purchases from your firm.

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Three Ways to Reduce Your Outstanding Accounts Receivable

Lockstep

Is your AR Aging creeping beyond resolution? Are you even able to review and report on your aging accounts receivable? The role of accounts receivables (AR) teams is increasingly important as the backbone of your organization’s financial health. Document Activities . Leverage AR Automation .

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Lockstep Inbox Update: AR and AP Templates

Lockstep

Let’s say your AR aging report notes you have three customers who are 7+ days overdue. Lockstep Inbox can automatically organize emails and documents by subject and issue for specific vendors, customers, and transactions. How does it work? Accessing the templates is easy.

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Why email makes accountants’ lives difficult: Data, Reporting and Analytics

Lockstep

Marrying this data is important, but you are left checking platforms, ERP, and spreadsheets to accurately connect with customers and vendors. And knowing where you stack up regarding days sales outstanding (DSO) or AR Aging? Document Management. Talk about a time suck! Email isn’t designed for that. Staying Organized.

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7 Accounts Receivable Goals for Growth in 2023 & Beyond

The Esker Blog

Historically, the processes within collections, cash application and credit management are highly manual. With collections, this could look like manually sorting and filtering through AR aging reports or searching for follow-ups in Outlook calendars and even sticky notes.

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Debt Financing: The Definitive Guide for Small Businesses

Fundera

There are terms you don’t know and concepts you’ve never heard of. Plus, you might be asked to sign documents and make decisions based on information you don’t totally understand. The options are seemingly endless, and there are so many pros and cons to each. Documents to Prove Your Business Is Legitimate.