Your Virtual Credit Manager

JANUARY 31, 2023

Readers of Your Virtual Credit Manager now have access to sharply discounted business credit reports from D&B, Experian, or Equifax through our partner Accredit. Buy Credit Reports 8. Technical issues: Computer system failures or internet disruptions, can cause delays in processing invoices and making payments.

Credit and Collections 246

Credit and Collections Past Due Invoices Bankruptcy Credit Management 246

Your Virtual Credit Manager

JANUARY 3, 2023

Share How to Clean Up Your AR Ledger Launch a collection program to collect all past due invoices at least 15 days late. Match as many unapplied payments and unapplied credit memos to open invoices, deductions, and debit memos as possible. Please share this newsletter with your small business customers.

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AR Automation Collector Credit and Collections Bad Debt 130

Eastern Credit Management Services

JULY 15, 2019

Fret no longer, as this entry in our blog is going to explore how to deal with customers who keep breaking promises to pay on their past due invoice and how a collection agency can help. They will obtain a promise to pay a past due invoice from their customer and wait for the money to arrive.

Past Due Invoices 52

Past Due Invoices Third Party Collections Credit and Collections Invoice Collections 52

Gaviti

SEPTEMBER 7, 2023

DSO Formula (Ending Total Receivables ÷ Total Credit Sales) x Number of Days What Is the ‘Best Possible’ DSO? The main difference between these two calculations is that best days sales outstanding does not take into consideration past due invoices. Naturally, the smaller the number, the better your performance.

DSO 52

DSO Days Sales Outstanding Past Due Invoices Credit and Collections 52

Your Virtual Credit Manager

DECEMBER 13, 2022

In many cases, your new customer credit evaluation will identify those accounts you can expect to pay late, but that is a risk businesses are often willing to take, and reasonably so. Consequently, most businesses need to designate somebody to handle the collection of past due invoices.

Collector 130

Collector Credit and Collections Past Due Invoices Credit Management 130

Credit & Management Systems, Inc.

JULY 26, 2017

: Our electronic credit file stores customer data – even scanned documents – allowing you fingertip access to customer files and the ability to report on important data elements across your database; Our user-defined modeling for scoring, credit limits and terms allows you to streamline your account approval and evaluation process, ensuring (..)

Past Due Invoices 40

Past Due Invoices Credit and Collections Dashboards 40

Your Virtual Credit Manager

NOVEMBER 21, 2023

Readers of Your Virtual Credit Manager can access sharply discounted business credit reports & scores from D&B, Experian, or Equifax through our partner accredit. Using a report generator, it should not be difficult to create a report in CSV or XLS format that both lists and totals past due invoices by account.

Credit and Collections 130

Credit and Collections Past Due Invoices Small Businesses Credit Management 130

Your Virtual Credit Manager

NOVEMBER 1, 2022

Effective collections can also reduce bad debt losses by compensating for a liberal or weak Credit Control function. Simply defined, collections is the process of contacting customers to secure payment for your invoices. For the most part collections deals with past due invoices — those not paid within established terms.

Past Due Invoices 130

Past Due Invoices Credit and Collections Bad Debt Accounts Receivable (AR) 130

The Esker Blog

JANUARY 10, 2023

Historically, the processes within collections, cash application and credit management are highly manual. This often leaves customers without noticeably high balances or long past-due invoices receiving limited collections touches, forcing collectors to be more reactive than proactive.

AR Aging 95

AR Aging Accounts Receivable (AR) Credit and Collections Past Due Invoices 95