Managing credit, collections, and accounts receivable (AR) is essential for maintaining financial stability and optimizing cash flow. Here are the key components: 1. Establishing Credit Policies Define clear credit terms, credit limits, and eligibility criteria to...

Understanding accounts receivable and debt collection is crucial for maintaining healthy cash flow in a business. Here are key points to consider:   1. Accounts Receivable Basics   Accounts receivable (AR) is the money which is owed to the company by its...

Managing accounts receivable (AR) collections is crucial for maintaining a steady cash flow and minimizing outstanding payments. Here’s a guide to effectively handle AR collections: 1. Establish Clear Credit Policies Set credit terms and conditions, such as payment...