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AR | Account Receivables

Why having an aged balance is useful to all business owners

Your cash ? You've earned it, so go for it !

The Importance Of Client Aged Balance

Aged Balance ensures your company solvability by checking cash is entering the company within the shortest delays.

The cash you don't have yet doesn't serve your company, but customer one.

How To Use Your Client Aged Balance

  • Rule #1. The overdue amount must be as low as possible.
  • Rule #2. Start to collect those having the biggest overdue.

Some Client Aged Balance Usages

  1. Organize your invoice collection. Always start with the ones having the biggest overdue.
  2. Install an effective communication between collection services and people in touch with customers.
  3. Frame customer follow-up for those having hard times to pay their bills over the past.
  4. Grant payment facilities for specific customers (when they always pay on time, for example).