Small Business Advice: Improve Your Accounts Receivable Collection Cycle Now
Almost any small business can use advice on how to improve its collection cycle. The first line of defense against late payments is a complete invoice. Your bills should be accurate, detailed and easy to understand. If difficult to understand, then your client will need to call for additional information. That translates into "You have been added to their to-do list," which increases the time of your collection cycle.