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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.

Corporations should consider adopting automated cash application systems that can be easily customised to reflect their business operations.

Managing accounts receivable is oftentimes a vital process for businesses to strengthen their financial health and discover their full potential.

Invoices have 3 main purposes: they help you file taxes accurately, they grant additional legal protection in case of a dispute and they give you the necessary insight to make smart future investments.