Why should you take action as soon as your accounts receivable are past due? Because time is not on your side.  The longer you wait to begin collection actions, the less likely it becomes that you’ll receive what you’re owed. The Commercial Collection Agency Association’s study dated 10/18/2004, shows collectability of delinquent commercial debts at time intervals after […]

Speeding up Cash Flow Tip #1: Collect retainers up front. This tip offers at least four benefits: 1. Confirms clients’ committment of your agreement, which includes their making payment for your service or product. 2. Reduces your risk of not getting paid because you have already received partial payment. 3. Requires the use by your client […]