Accounts Receivable Archives - Collection Management Services

3 Guides to Collecting a Debt – Collection Management Services

7:15 pm
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Accounts Receivable, Debt Management, Money Management

For small and big businesses alike, sometimes the biggest challenge can be collecting a debt. But, as is often the case, being prepared for all of life’s obstacles usually yields the best results. As the old adage goes, “an ounce of prevention is worth a pound of cure”.

Today’s blog entry discusses some pointers we’ve compiled to help you in collecting a debt successfully.

Communicating clearly and concisely with past-due clients is the best course of action in collecting a debt. Also, working with struggling clients can not only lead to paid debts, but lifelong and […]

Why It Pays to Manage Your Accounts Receivable  

5:32 pm
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Accounts Receivable

Ever counted the staff hours you’ve spent in the past month filling out paperwork for outstanding accounts?  Ever compared the time you’ve spent collecting to your time spent selling? The difference may surprise you.

As a business, you already realize the importance of growth. In order to grow, businesses must spend a great amount of time and resources to consistently generate new customers and increase cash flow from month to month.  The obstacle that most companies face is finding the perfect balance, or “sweet spot” between covering necessary expenses and generating enough revenue to make a profit.  Unfortunately […]