What to Do When Your Cash Flow Forecast is Wrong

The cash flow forecast is a critical report for a business of any size or niche. Because it shows how much money you’ll receive and disburse in a given period, the cash forecast serves as a touchstone for decisions about acquisitions, payroll, investing, marketing, and more. If this vital report is inaccurate, the fallout can be potentially dire for your business.

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What Does an Account Receivable Solution Cost?

You want to be paid for your invoices quickly and predictably. You send out invoices and hope for the best. When the money doesn’t come in, the arduous and often aggravating process of accounts receivable collections begins.

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Receivables Turnover versus Days Sales Outstanding

Tracking performance of an Accounts Receivable team is done, in part, by assessing key performance indicators (KPIs). Since cash flow is necessary for operations, collecting what’s owed to your organization is a vital activity.

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Using AR Analytics to Measure Department Effectiveness

AR managers have a myriad of responsibilities. The company’s cash flow, financial forecasts, budgets, and debt collection efforts are all on your team’s task list. While much of your tracking and reporting focus is on other departments, it’s also critical to measure your internal team performance. AR analytics can be a  tool used to assess your team’s effectiveness and inform personnel decisions.

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YayPay Participates in FinTech Innovation Lab Demo Day

At YayPay, we love the opportunity to be part of a group effort to showcase our technology and AR solution, and on June 21, we were honored to be one of 11 companies chosen to present and participate in a virtual live stream at the FinTech Innovation Lab’s Demo Day.

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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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YayPay is a Tech Tank Finalist at ConnectWise Automation Nation 2018

It’s not every day that we get a chance to showcase our intellectual capital and knowledge at a big event in front of tons of peers … but that’s exactly what YayPay is vying for on June 19.

YayPay is one of three finalists at ConnectWise Tech Tank Automation Nation 2018, June 18-20, 2018, in Orlando, FL. Tech Tank is a contest giving innovative developers the chance to live out their ideas on a big platform in an effort to inspire others, build a stronger ecosystem, and integrate with ConnectWise software to create a powerful solution.

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5 Best Practices in Collections for AR Management

The sooner your organization gets paid, the faster you can invest the money you’re paid into growing your business. On the other hand, when customer payments are slow to come in, you may experience significant cash flow problems that can make it much harder to achieve your business objectives.

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