Believe it or not, many business owners struggle to get paid on time. Not because they don’t have a strong, profitable client base, but because they lack a reliable system for managing a project from start to finish, including receiving payment for a project completed.
With day-to-day operations and production getting much of the focus, it’s common to overlook cash flow until there is a major problem. This can be drastically minimized, however, by creating a well-planned and documented Accounts Receivable process. In this presentation, we illustrate an easy three step process you can review with your own accounting team to determine areas where you have potential for improvement. Download a free Accounts Receivable process here.