5 Tips for a Smooth Invoice Payment Process
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5 Tips for a Smooth Invoice Payment Process

Struggling with Invoice Payments? We know how crucial it is to ensure timely payments to suppliers and service providers. But let’s face it, the invoice payment process can be a real headache. In this blog article, you’ll learn five tips to make your invoice payment process smoother and more efficient. Say goodbye to endless hours of back-and-forth and hello to a smoother, more efficient way of handling your payments.

What is the Difference Between Invoice Factoring and Invoice Discounting?
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What is the Difference Between Invoice Factoring and Invoice Discounting?

In our latest blog post, we delve into the distinctions between invoice factoring and invoice discounting, providing you with the essential information needed to make the right financial choice for your company. Understanding the unique benefits and considerations of each option can help you access the working capital you need and ensure a stable financial future.

Why Invoice Numbers Are More Important Than You Think
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Why Invoice Numbers Are More Important Than You Think

In our latest blog article, we reveal why invoice numbers are more crucial than you may think. Discover how invoice numbers facilitate seamless organization, minimize errors, and streamline record-keeping. Learn essential best practices, including consistency, date-based elements, and client or project codes, that can optimize your financial insights and ensure compliance.

How to Chase Overdue Customer Accounts Without Souring the Relationship
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How to Chase Overdue Customer Accounts Without Souring the Relationship

10 Tips to Collect Late Invoices Without Upsetting Customers It would be wonderful if all customers paid their invoices on or before the due date. However, that is simply not the way things work. Any business running accounts receivable (AR) can expect some customers to pay late. Some people would never pay their bills if…

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What to do When a Customer Won’t Pay Their Invoices

10 Ways to Improve Collections and Cash Flow If you manage accounts receivable (AR), you will be all too familiar with the usual excuses for non-payment. The check is in the mail, my manager is away on vacation, and we sent a payment to you last week; these are just a few tactics people use….

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The Most Common Invoice Management Mistakes You Can Easily Avoid

It’s likely you’re making at least one of these invoicing mistakes, but it’s not too late to put good practices in place. If your business sends out sales invoices, it’s a good idea to have your customers on a set billing cycle. This keeps money flowing into your company on a regular basis. Steady cash…

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How to Account for Factored Sales Invoices

Try this approach to simplify your accounting process for recording invoice factoring Handling the bookkeeping of factored sales invoices is not overly complex. However, some accounting systems may complicate the process. And, if you have never recorded the various transactions associated with invoice factoring, the accounting can seem more complex than it is in reality….

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How to Prevent Invoice Disputes Delaying Payment of AR Accounts

Improve Customer Service and Cash Flow Invoice disputes are a common reason for the late payment of accounts receivable (AR) invoices. Sometimes, one disputed sales invoice can delay payment of the entire account. So, having a procedure to deal with disputed AR invoices is essential to improve customer service and help with a business’s cash…

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10 Tips for Determining B2B Customer Credit Terms

Examine Impact of Payment Terms on Cash Flow Most companies operating in a business-to-business (B2B) sector will need to offer customers credit terms. If a company insisted on cash with orders, it would be hard to win customers in a competitive B2B market. Whenever you sell goods or services on credit, though, there is an…