accounts receivable

5 Useful Tips to ensure Prompt Payment from Customers

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A healthy business will always have a timely turnaround of accounts and a steady cash flow. The accounts receivable area of any company is arguably the hub of the ongoing operations. Getting customers to pay on time may not always go as smoothly as you would expect. There are various techniques available to ensure prompt … Read more

Commercial Collection, late payment charges?

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Late payment charges have always been an issue among corporate credit and finance executives. Charging customers a penalty for paying their invoices late and the effectiveness of doing so have been topics. Should your company assess a charge to customers that pay late, and what should you call that charge? In one survey of more … Read more