How Can I Improve My Collections in Accounts Receivable? | Operations > Billing & Receivables from AllBusiness.com
Facebook Twitter You Tube RSS Feed

How Can I Improve My Collections in Accounts Receivable?

More

You won't be in business long if you can't get your customers to pay their bills. If a customer is late with a payment:

  • Call the customer immediately. Even a small delay reduces the chance you'll get the money.
  • Be persistent.

It's also smart to send a letter clearly stating the consequences of further delays: a hit to their credit rating, interest charges, or referral of the account to a collection agency.

TRENDING NOW:   Save. Spend. Do.,  Free Downloads!,  Credit Crunch Plagues Small Businesses,  Business Resource Center,
BootCamps

AllBusiness Slideshows

seeallslideshows

New On AllBusiness

Find Pre-Screened Suppliers. VoIP, Web Designers, Credir Card Processing, Online Marketing, Telemarketing, Payroll Services VoIP Web Designers Credir Card Processing Online Marketing Telemarketing Payroll Services View all 100 categories