Accounts Receivable

Managing

Accounts

Receivable

Tips for managing accounts receivable:

?Screen clients for charge accounts

?Have and use a credit application

?Offer discounts for quick payment

?Bill twice a month

?Charge interest on past due bills

?Follow-up 30-day notices with phone calls

?Handle repeated late payment by requiring payment in advance

?Decline to further service the account until all past due balances are paid