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Navigating Accounts Receivable: Strategies for Credit and Debt Management
Manage episode 436283514 series 3593419
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In this episode of The Accounting & Bookkeeping Show, hosts Jane and Tom take you on a comprehensive journey through the critical processes involved in managing accounts receivable. From developing a robust credit policy to monitoring overdue accounts, they explore the essential strategies that ensure your business maintains a healthy cash flow. Learn about setting effective credit terms, approving customer credit, recording transactions accurately, and handling late payments. Jane and Tom also dive into the intricacies of resolving disputed accounts, identifying doubtful debts, and implementing debt recovery plans. Whether you're looking to refine your current practices or gain new insights into accounts receivable management, this episode provides the tools and knowledge you need to keep your business financially secure. Tune in and discover how to navigate the complexities of accounts receivable with confidence!
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