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Posts Tagged ‘accounts receivable’

Binary Stream – Did You Know – Weekly Tips – Multi-Entity Management – New Entity Setup Wizard

Did you know... MEM has a New Entity Setup Wizard to help you create and configure a new entity for MEM. The wizard simplifies the entity configuration process by providing step-by-step windows to ensure that you do not miss information. If you decide to skip a step in the wizard you can manually edit the […]

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Tips to Improve Cash Flow from Accounts Receivable Policies

Cash is an attractive asset to have.  Let’s face it, we all like cash.  It makes our companies more attractive to vendors and prospective employees.  Improving cash flow from your accounts receivable is a worthwhile goal.  It allows your company to look better on financial statements and banks seem to like it when your company […]

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4 Tips to Improve Cash Flow from Daily Operations

In our recent blog post, we talked about the importance of cash flow to daily operations.  We touched on how vital it is to forecast cash flow.  Without a reasonable cash flow forecast, a company simply floats adrift, heading for the rocks.  No one likes a shipwreck. But with an automated, reliable, and consistent system […]

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Tips to Improve Cash Flow from Invoices

In our last article, we talked about the importance of cash flow for the growth of a business. We established that no matter how big or small, cash rich or cash poor, or how much or how little debt a company carries, a business simply survives on its daily bread.  The daily revenue not only […]

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Why Cash Flow is Crucial for Business Growth

Give us this day our daily bread, goes a popular prayer. It could well refer to the daily revenue of a business.  The money that comes into a business on a regular basis is called cash flow. It is actually an official metric, used on the books and ledgers of every credible company. This is […]

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Accounts Receivable Metrics You Should Be Tracking

Collecting debt from clients can often be a difficult task. No matter what you do, it is not fun and tends to only get serious attention when cash flow is needed or after everything else is done.  Invoice payment is the final step in the sales process and should be planned.  The longer an invoice […]

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Tips to Improve Cash Flow [Infographic]

One of the biggest mistakes a company routinely makes is waiting until a bill is past due to begin collection efforts. A strong credit department reduces bad debt and past due accounts by becoming proactive about debts collected, preferably before the due date. Collection of debts should be the final step in the sales process, beginning as soon as the debt is incurred. As you can see from the infographic below - the longer an invoice goes unpaid, the less likely you are to collect your money. The infographic also contains a few tips to help you collect before the due date and improve your cash flow.

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Get Paid Faster, Automate Microsoft Dynamics Accounts Receivable

2015 A/R Software Market Overview and Application Evaluation Tips There are many benefits to implementing A/R management software, such as an average reduction in DSO of 20%, reductions in bad debt write-offs, increased efficiency, rapid ROI, and more- but before you can realize those benefits, you need to choose the right solution.  Business technology continues […]

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Les 7 rapports essentiels pour gérer votre entreprise de gestion de projets avec Microsoft Dynamics GP : #3 – Gestion des comptes clients par projet

L’argent est l’élément vital de toute organisation et le recouvrement est un facteur essentiel à l’équation. Dès qu’un client est facturé, il est nécessaire que vous fassiez le suivi pour assurer que le paiement soit effectué dans les délais établis. Dans l’industrie des services, un paiement en retard peut être dû à différentes raisons, mais […]

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The 7 Essential Reports to Managing Your Project-Based Business with Microsoft Dynamics GP: #3 – Receivables Management By Project

Cash is the lifeline of any organization and collections are an important part of this equation. It is necessary that once the customer has been invoiced that you follow-up on receiving payment. Within the services industry, a delayed payment can happen for a variety of different reasons, but one of the most frequent is due […]

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