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Business Trends in 2021 Author : IRS CollectionsPublished on : January 7, 2021
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Published on : December 7, 2020
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Published on : November 3, 2020
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Published on : October 3, 2020
Why You Should Know Your DSO
DSO, or Days Sates Outstanding, is a performance benchmark for accounts receivable. The DSO of a company's receivables reveals what your company can expect in the near and long term future with your cash flow. The turnaround speed, in days, of your company's receivables is a thermometer for the health of your AR department and credit policies. It is super easy to calculate your DSO.
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Final Demand Letters Author : IRS CollectionsPublished on : September 7, 2020A final demand letter lets your tardy customer know that you will no longer allow them to procrastinate on paying their bill, or account.The letter also informs them you intend to take further steps if they do not pay by a specific date. Basically, a final demand letter is a formal demand requesting payment in full.Read More