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Timely Collections
Are you having trouble getting paid timely by your customers? This is a problem many businesses are currently having but there is a way you can detect this problem early.
You can run a simple ratio called "Accounts Receivable Turnover" to get "Annual Credit Sales Divided by Average Accounts Receivable". A high ratio indicates a tight credit policy. A low or declining ratio could indicate a collection problem.
Perform this test throughout the year and get a step up on your competition. Once you realize where you stand, take corrective action.
If you're unsure how to get started implementing these three HUGE money-saving tips, call us today for a FREE consultation!
CALL NOW TO SCHEDULE AN APPOINTMENT! 631-921-6894