Why Board Members Care About Accounts Receivable—and the Best Metrics to Show Them

It’s the job of the board of directors to oversee the financial and legal health of your organization. The board has a fiduciary obligation to protect the interests of all shareholders. Because of this, you must keep your board apprised of company finances, and this includes accounts receivable, which is often a very significant asset on the balance sheet.  

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5 Accounts Receivable Collections Best Practices

The sooner your company gets paid, the sooner you’re able to pay your own bills or invest in new business opportunities.

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Getting Insight Out of Your AR Aging Report - Without a Crystal Ball

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.

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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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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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What Is the Ideal Accounts Receivable Process?

Cash flow is a serious problem for many businesses. In fact, one study found that 82% of companies that were forced to close their doors attributed their downfall to cash shortages.

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YayPay Distinguished as a Top User Experience Platform for Accounts Receivable Software

FinancesOnline.com Recognizes YayPay with Its
2017 Great User Experience and Rising Star Awards

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A Brief History of Accounts Receivable

For most businesses today, giving yourself an edge is critical. Allowing your clients terms when it comes to when and how they pay for goods and services is an excellent way to give your business an edge.  Yes, we will be talking about accounts receivable.  In this article, we’ll explore its history starting from ancient Mesopotamia to Excel to AR Automation today.

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