Recent Posts by Nicole Dwyer

 
Nicole Dwyer is Chief Product Officer for YayPay, bringing more than 10 years’ experience in accounts payable and receivable technology to ensure YayPay continues to meet the needs of its customers. Having spent her entire career in commercial payments, Nicole understands high- and low-value payment systems, the complexities of how businesses pay and get paid, and has worked with distributed teams spanning the globe. She is a graduate of Worcester Polytechnic Institute. Residing in Pennsylvania with her husband, daughter, and son, they spend their time outdoors and creating new adventures.
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What Is An Aged Trial Balance Report?

An aged trial balance (ATB) report contains much of the same data as the accounts receivable (AR) aging report with two primary differences: what the data intends to accomplish and how timing affects what data is displayed. One report isn’t better than the other; it is a matter of the information you need and your goals for the report.

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What Is an AR Aging Report and How Does It Benefit Your Business?

The accounts receivable (AR) aging report is a critical tracking mechanism for cash flow planning. A basic AR aging report features total owed by client and then a breakdown into aging categories (30-60 days, 60-90 days, etc.) It’s a snapshot of which clients are in good standing and which are delinquent on their bills.

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3 Ways to Reduce Your Average Days Delinquent

No matter how nice they might look on your balance sheet, you can’t grow your business with unpaid invoices.

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4 Ways to Create an Accurate Cash Forecast

All businesses need cash to keep their doors open. When money is tight, simply covering recurring operating expenses can become difficult enough on its own.

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Benefits of Tracking Accounts Receivable Turnover Ratio

Accounts receivable management is at the core of your ability to operate continuously, even though it’s on the back end of business management. Sales are visible and at the forefront of reporting and key performance indicators (KPIs), but if you don’t realize the proceeds from transactions, your business could be at risk. By tracking accounts receivable turnover ratio as a key KPI, you’ll always know where you stand and when it’s time to sound the alarms to avert a cash crisis.

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Average Days Sales Outstanding: How High Is Too High?

It feels great to make a sale and send an invoice out.

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Creating Aging Reports Manually? It’s Time for Automation

While hefty projected receivables amounts might look nice in terms of “money that will be coming in,” you can’t exactly pay your company’s bills with unpaid invoices.

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Look to the Cloud for Effective AR Management

It’s always astounding to me when I come across companies with aging AR that are not taking advantage of technology, especially when it comes to pushing their processes to the cloud to lessen their days sales outstanding (DSO).

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