Collections guides
Collections guides for recurring payments, what each thing is and how to do it step by step.
Promissory note: what it is and how to write one
What a promissory note is, what it must include and how to write one, with an example. Fill in a free promissory note online and print it to sign.
What is accounts receivable and how to manage it
Accounts receivable is money customers owe you for sales on credit. See examples, journal entries, an aging report, DSO and how to collect faster.
Days sales outstanding: the DSO formula with an example
Days sales outstanding is the average number of days customers take to pay. See the DSO formula, a worked example, the Excel formula and how to lower it.
Debt collection: how it works and what the law allows
How debt collection works, what collectors may and may not do under the FDCPA, and how a business collects its own invoices fairly and on time.
Invoice factoring: how it works and what it costs
Invoice factoring turns unpaid invoices into cash now. See how it works, recourse and non-recourse, a worked cost example and other options.