End-of-Year Accounts Receivable Best Practices
As the year draws to a close, businesses are often focused on wrapping up their financials and preparing for the year ahead. A critical component of this process is managing accounts receivable (AR). Efficient AR management ensures a healthy cash flow and positions your business for success in the new year. Here are some best […]
Credit Collections Policies and Procedures
What are Credit and Collections Policies and Procedures? A solid credit and collections policy is essential for any business. It’s a document that outlines clear, written guidelines detailing terms and conditions for supplying goods on credit, customer qualification criteria, collection procedures, and steps to handle customer delinquency. Simply put, it’s your playbook for managing credit […]
