When a customer decides to make a purchase, they’ll typically send a purchase order. Upon approval, a sales order is generated, which serves as a binding agreement … See more

Before you even send out an invoice, it’s crucial to assess the creditworthiness of your customers. This is especially important if transactions involve significant sums and extended p… See more

An invoice serves as the definitive record of a customer’s purchase, outlining how much is owed and the payment due date. The quicker you can send out the invoice, the sooner you… See more

Late payments are an unfortunate reality. A structured collections processhelps in following up with customers who have overdue invoices. The frequency and nature of th… See more

When you’ve exhausted your outreach efforts (including passing off the debts to a collection agencyor legal counsel) and determine the payment is uncollectible, you’ll write … See more