![]() You can do this by performing credit checks, reviewing financial statements, and assessing payment history with other vendors. Evaluate the Creditworthiness of Clientsīefore extending credit to your clients, it is essential to evaluate their creditworthiness. Maintaining positive client relationships can increase future sales, but can also encourage prompt payment or improved payment terms. ![]() It is often the case that customers prioritize paying companies that they enjoy working with, or that are critical to their operations. Here are six ways to improve accounts receivable collections. Whether you have a high or low ratio, you can probably find ways to cut down on unnecessary waste and make your processes more efficient. Ways to Improve Accounts Receivable Collections If you bill on a net 30 schedule and your turnover rate is 45 days, it means that your customers are often paying late.
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