Maintaining an effective accounts receivables department can be a challenge. Implementing proper policies and procedures is the most important factor, but is often overlooked by many small to medium size businesses. Everything from your credit application to the length of terms will affect the numbers on your aging report. Working with a collections agency that will provide you commercial credit reports really help you know your client plus help you make an informed decision when extending terms to new customers which limits your risk. Continue reading “Event Sensitive Vs. Time Sensitive Accounts Receivables”