Creating Aging Reports Manually? It’s Time for Automation

Your accounting department is arguably the most important area of your operation. If you struggle to collect payments from customers, how will you be able to keep your doors open for the foreseeable future?

YayPay provides technology with a personal touch, and those we build relationships with are our VIPs. This year, YayPay will be attending the CRF August Forum & Expo in Orlando, Florida on August 13-15, 2018. We will be acknowledging and treating our VIPs as the very important people they are.

It’s no secret that many businesses are set in their ways.

YayPay is proud of every achievement and industry honor it receives – and just recently, we were named by CRN, a brand of the Channel Company, as one of its Emerging Vendors for 2018 in the cloud category. This is the second time YayPay received an honor from CRN; in May, Liz Anderson, Vice President of Marketing, was named to CRN’s 2018 Women of the Channel.

All business owners have their sights set on growing small businesses into big ones. To do that, they need to lock down as many customers and drive as many sales as they possibly can.

 Smart business owners understand how important cash flow is to the success of their companies. Without cash on hand, it’s difficult to cover operating expenses such as salaries, rent, utilities, and supplies. When money’s tight, pursuing new opportunities is out of the question.

Every accounting program can create an accounts receivable (AR) aging report — unless you’re keeping your books like Bob Cratchit in a dusty Dickensian ledger. Depending on your app or software, you can change the parameters of the report, the aging buckets, and how granular the details are. It’s easy to get bogged down in creating the perfect report, but what matters more is how you use it.

In an ideal world, every single one of your customers would pay you on time—if not ahead of schedule.