DSO or Days Sales Outstanding is an accounts receivable benchmark

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Residential Tenancy Collections in BC and Alberta Author : IRS Collections
Published on : January 25, 2022

There are major differences between Alberta and BC when it comes to third party debt collections on delinquent residential tenants and faulty landlords. It should be noted that commercial leases and rentals fall outside of the BC Residential Tenancies and the Alberta Residential Tenancy Dispute Resolution Service (RTDRS). This article only covers residential tenancy collections.
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Going from Cash Only to Extending Credit Author : IRS Collections
Published on : December 13, 2021

We are seeing a trend of some companies who operate on a cash basis starting to extend credit to their customers. The necessity of extending credit is primarily being driven by the need to retain large volume customers or lose them to a competitor.
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Agreements with Collection Cost Recovery Clause Author : IRS Collections
Published on : November 16, 2021

Many companies have credit agreements with their customers containing a clause that the customer agrees to pay all collection recovery costs should they default on their payment terms. However, what are the actual odds of enforcing a credit recovery cost clause in BC and Alberta?

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Free Credit Information Sources Author : IRS Collections
Published on : October 19, 2021

There are several alternate information sources for credit management. In addition to paid credit reports, there is free information that can help detect and determine when to list a delinquent commercial customer for collection. When a commercial customer starts to go into arears it pays to do some basic free research.
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Law Firm Services Author : IRS Collections
Published on : September 8, 2021

Some of our Law Firm Clients are not aware of the cornucopia of cost-efficient law firm services we offer to improve their bottom line. We can help eliminate bottle necks and barriers that impede speedy, successful results for your Client. In-House Receivable Services Ltd., or IRS Collections, delivers results driven debt collection and skip tracing services.
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