How to Manage Accounts Receivables Better
Similar to having a long list of payables, having a long list of overdue receivables can be discouraging as well. However, receivables need to be viewed as an opportunity to bring in much needed cash as quickly as possible.
This chapter’s objective is to help you come up with a game plan to manage and collect your aging receivables more effectively. Considering your situation, collecting overdue receivables must be one of the top priorities of the company. Remember, your firm is not in the business of lending other companies money beyond the agreed-on terms of the initial ...
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