How Debt Collection During Covid-19 Pandemic 2021 Changed
The pandemic upended what we thought we knew about debt. Read this blog to learn how debt collection during the Covid-19 pandemic of 2021 changed.
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Payment Plan Do’s and Don’ts
A payment plan for your business is an excellent way to encourage clients to pay their debts. Learn how to set one up the right way!
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Good vs Bad Debt
Do you wonder how much debt your business should have? You need to make sure that you’re able to support your core business functions but don’t take on so much debt that it’s impossible to pay back. In this blog, we’ll break down everything you need to know about business debt management. Debt: A Tool,
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Fix Accounts Receivable Errors & Avoid Collection Mistakes
Have you tried handling commercial collections alone? If so, you could be making serious mistakes that lead to accounts receivable errors. Keep reading to learn about the most common collections mistakes and how to reduce your accounts receivable errors. Commercial Debt Recovery Is Tricky Commercial debt recovery is a nuanced process. Poorly executed collection practices
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What to Do Before You Send Someone to Collections
You need to do your due diligence before sending outstanding accounts to collection agencies. Sending accounts too early paints your organization as aggressive and could upset debtors who may not have even realized that they had outstanding debts. Not sure what to do before you send accounts to a commercial debt collection agency? We’ve got
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How to Write a Collection Letter
If you’re considering writing a collection letter, you’ve probably been grappling with overdue accounts receivable for a while. If you need help but don’t know where to start, read this guide! In it, we’ll cover what a debt collection demand letter is, what’s included in it, and our tips for writing the perfect one. If
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Mid-Sized and Small Business Recovery: How Business Has Changed Since the Pandemic
We face an entirely different world from the one we exited just a few years ago. From businesses being forced to embrace virtualization and experimental work models to what’s being described by many as the next recession, things have changed, and they changed fast. Just as business owners start picking up the pieces, something else
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Our Guide to Year End Closing in Accounting
The end of the year is a stressful time for your accounting team. Year-end closing activities are imperative to making sure that you start 2023 off right. Want to make sure that next year’s accounting goes well? Read our guide! This guide breaks down the best fiscal year-end closing procedures and offers some general accounts
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A Guide to Accounts Receivable Best Practices
Accounting doesn’t have to be a constant challenge. Has your team struggled to stay on top of the accounts receivable process? If so, follow our accounts receivable best practices to stop wrestling with AR and keep payments predictable. How To Streamline Accounting Processes Follow this list of accounts receivable best practices to make AR easy:
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How To Know When To Send to Collections
Collections can be a tough process to manage, and finding out the right time to send to collections can be even harder. You don’t want to send slightly overdue invoices to a collections agency, but there’s also a point where AR is so overdue that it becomes near impossible to collect. Has your AR struggled
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