A simple process for managing overdue accounts receivable

Few things raise the ire of small business owners — or any CEO, for that matter — as overdue accounts receivable. Lots of businesses have trouble here for a number of reasons:

• They don’t have a proactive process to reduce the aging of receivables 
• They don’t have metrics, or they don’t have the right metrics to measure the receivable management performance 
• They throw labor at the problem, but not enough to solve it, leaving them with a really annoyed receivables team to go along with a really annoyed boss. Fun!

Steps to resolution

Solve the problem with a proactive collection process. This is a pretty good one:

Learn the process at The Business Journals