The account receivable reportis one of the key financial reports one should always be keen on. It includes the information on all the unpaid customer invoices, including the invoice am… See more

The best way to mitigate payment collection issues is by offering the customers an incentive when they make their payment on time. This can be anywhere between 1-5% and genera… See more

Even though it might sound a little awkward at first, asking the customers to make a deposit before providing them the goods and/or services is more common than you might think… See more

Just like your credit score, you should run a credit check to determine the prospective client’s business credit profile, including their payment history. This is vital as in doing this; … See more