Although non-cash transactions are becoming much more common for the majority of transactions in our world today, it is still highly advisable for companies to keep some cash to pay for relatively small and non-recurring purchases.

Although the concept of invoice management may appear relatively straightforward on paper, there are various facets that business owners and the company’s finance department will need to take into consideration.

Law firms are spending 33% of their time on non-billable activities. Read our latest article on how to improve productivity with digital tools!

Forgetting to pay invoices happens. And that is precisely why knowing how to collect an unpaid invoice is one of the most important skills

As much as ACH payments are highly prevalent in today’s banking sector, there are still many people who don’t know how they actually function. So, how do ACH payments work?

One of the hardest things about learning how to write an invoice past due email is striking the right balance between politeness and assertiveness.

The accounts receivable collection procedure may involve various approaches depending on the company, its customers, and the state of the firm’s cash flow.

The accounts receivable collection process usually comprises a lot of steps, many of which involve having to contact and work with customers in an attempt to help them pay their bills as soon as possible.

Calculating the company’s accounts receivable turnover is a critical financial metric.