Your Virtual Credit Manager
JANUARY 3, 2023
” This junk AR comes in a variety of forms, such as: Short payment/deductions Debit memos Unapplied credit memos Unapplied cash Late payment fees and other surcharges Early payment discounts taken but not deserved Clutter obscures the true amount a customer owes and causes confusion.
Your Virtual Credit Manager
SEPTEMBER 19, 2023
From this conversation, you will learn how perilous the bad debt risk is with this customer, and how urgent your reaction must be. It involves intensive management of the customer’s total receivable balance supported by a substantial reduction in their credit limit.
Your Virtual Credit Manager
AUGUST 29, 2023
Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables). Then multiply the answer by 100 to get a percentage.
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