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Accounting Accounts Receivable Collections 
Gaviti
NOVEMBER 21, 2024
Many businesses underestimate the importance of their accounts receivable (A/R) process, assuming they’ll “get paid eventually.” This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected.
Accounting Today
NOVEMBER 6, 2023
Delaying a payment or not paying an invoice and letting amounts pile up are a way for a client to give voice to a problem with your services without causing an immediate confrontation.
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Live Demo - Supercharge your Month End Close
Doing More With Less: The Modern Finance Miracle
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Gaviti
JANUARY 6, 2025
Managing accounts receivable can be challenging, but having a structured approach to writing collection reminders can make a significant difference. 2) Take a proactive approach A/R and financial teams tend to send payment reminders too late, when the account is already past due or if they are in immediate need for cash.
92 Live Demo - Supercharge your Month End Close
Doing More With Less: The Modern Finance Miracle
The Hidden Science Behind Why Finance Teams Resist Change—And How to Fix It
Protect What Matters: Rethinking Finance Ops In A Digital World
Why Tech-Forward Tax and Accounting Firms Have the Inside Track to the Future
Gaviti
MARCH 5, 2025
Accounts receivable fraud is becoming an increasingly pressing threat for businesses of all sizes, especially companies that grow or make a lot of changes. What makes Accounts Receivable Professionals and Operations Especially Vulnerable to Fraud? So it is important to encourage a culture of vigilance and accountability.
Gaviti
FEBRUARY 4, 2025
The world of Accounts Receivable (AR) is evolving rapidly. With increased interest rates and inflation, businesses are facing increasing pressure to collect cash faster. With AI, businesses can: Predict payment delays and identify at-risk accounts. Optimize dunning strategies by analyzing historical payment behaviors.
Xero
FEBRUARY 12, 2025
” This stark observation from Haley Reyners, founder of My Two Cents Accounting Services , highlights a common challenge facing small businesses. “When my debtor workflow is turned off, people stop paying me almost immediately.” “I’m the same as any other small business owner.
241 
Gaviti
DECEMBER 18, 2024
The financial industry is experiencing a technological transformation that is reshaping accounts receivable management. What Is Accounts Receivable Reporting Software? Many accounts receivable automation software solutions include reporting as part of their offering. A/R performance.
oAppsNet
FEBRUARY 20, 2025
Accounts Receivable (AR) management is a critical area where innovation can significantly impact cash flow and operational efficiency. By embracing the latest AR trends, businesses can optimize receivables workflows, reduce manual errors, and gain real-time insights into their financial operations. over the next five years.
Enterprise Recovery: Accounts Receivable
NOVEMBER 15, 2024
Following up on past-due invoices and delinquent accounts can be a full-time job. If you're considering outsourcing debt collections or handling them in-house, this post can help clarify the benefits of outsourcing. However, it is invaluable to your business's bottom line.
82 
Gaviti
APRIL 22, 2025
In the rapidly evolving financial landscape of 2025, businesses are increasingly focusing on refining their accounts receivable (A/R) processes. What Are SMART Goals for Accounts Receivable and Why They Matter? Time-bound: Specify a deadline for achieving the goal to maintain accountability.
oAppsNet
MAY 29, 2025
One of the most crucial metrics used to measure a companys ability to collect payments is the Collection Effectiveness Index (CEI). This tool helps businesses monitor their accounts receivable (A/R) performance, ensuring that the company’s credit and collections teams are working efficiently and effectively.
52 
Accounting Tools
JULY 7, 2024
The collection of accounts receivable is vital, since it provides the cash needed to support company operations. Collecting accounts receivable is not just the task of the collections department. This is not the fault of the collections department.
Invoicera
NOVEMBER 8, 2024
For many companies, managing accounts receivable (AR) and accounts payable (AP) is a constant challenge, with delayed payments, manual errors, and lack of real-time visibility causing significant disruptions. 13 Best Accounts Receivable and Payable Software 1.
Enterprise Recovery: Accounts Receivable
DECEMBER 30, 2022
Here are the Accounts Receivable and Business Collections Trends for 2023. In previous years, we've used this annual review to learn insights on how we can do better for our readers. Let us know if there's a topic that we can do better for you in the upcoming year.
Enterprise Recovery: Accounts Receivable
DECEMBER 6, 2024
B2B debt collection requires an understanding of effective strategies to mitigate delinquent accounts. Also, technology and professional debt collection services can enhance the ability to recover outstanding debts and maintain healthy financial operations.
87 
Billing Platform
NOVEMBER 21, 2024
Do members of your accounts receivable team find themselves overwhelmed with the task of determining which customers have uncollected debt? An accounts receivable (AR) aging report simplifies the process and expedites receiving the money youre owed. Wait a minute, what is aging accounts receivable?
Gaviti
FEBRUARY 2, 2025
Understanding and improving the processes that influence your business operating cycleespecially accounts receivable (AR) managementcan significantly enhance financial performance. DSO represents the average time taken to collect payments after a sale.
Gaviti
JANUARY 5, 2025
Once your business has started to grow significantly, your A/R and finance team will probably ask themselves how they can transform your accounts receivable process in the most efficient manner. At some point during the business process, most owners ask the question: Whats the best way to transform our accounts receivable process?
Gaviti
MAY 18, 2025
In today’s rapidly evolving financial landscape, the collections process is undergoing a significant transformation driven by artificial intelligence. This technological shift is not just a passing trend but a fundamental change in how collections departments operate and deliver value to their organizations.
52 
Nanonets
DECEMBER 26, 2024
Automation has revolutionized the way finance teams operate, with accounts payable (AP) automation being the go-to first step for businesses looking to improve efficiency and cut costs. Streamlined Financial Processes Automating AR reduces the time and effort required for tasks like invoicing, collections, and reconciliation.
52 
Cevinio
FEBRUARY 1, 2024
What is Accounts Receivable Automation, and how can you leverage it for your business? One such critical aspect is managing Accounts Receivable (AR). What is Accounts Receivable Automation? Saving time: AR Automation minimizes the amount of manual work needed to manage Accounts Receivable workflows.
Gaviti
NOVEMBER 24, 2024
The sooner your business collects on its invoices, the lower your financial risks and the better your financial position. That means your accounts receivable team will want to do everything in its power to increase cash flow and reduce your DSO.
52 
oAppsNet
MARCH 6, 2025
In today’s fast-paced business environment, managing accounts receivables efficiently is more important than ever. The constant need to maintain healthy cash flow, reduce manual workloads, and speed up payment cycles has made collections automation a game-changer for businesses of all sizes. The solution?
Gaviti
MAY 15, 2025
Average collection period refers to the amount of time it takes your business to receive payments from clients. Its a metric commonly used to get a snapshot of cash flow on hand and how effective the companys collection process is overall. It comes down to leveraging tools that streamline collections from planning to execution.
52 
Gaviti
MAY 30, 2023
Accounts receivable is one of the most critical roles in your business. How well your team handles collections determines whether you have the cash to make payroll, pay taxes, and cover other financial obligations. Receivables management can also become incredibly complex and high-risk.
Gaviti
APRIL 11, 2024
Of all the data financial departments love to monitor, accounts receivable often tops the list. After all, it determines how much revenue your business receives. Is it time for your business to complete an accounts receivable analysis? What is Accounts Receivable Analysis?
Billing Platform
SEPTEMBER 25, 2023
Consisting of a series of steps, the accounts receivable process refers to the money owed to a business for the purchase and delivery of goods or services. Accounts receivable (AR) provides the critical link between making the sale and receiving payment.
Gaviti
NOVEMBER 18, 2024
Despite this, automation in accounts receivable has met its fair share of skepticism from business leaders worldwide. Here are some of the most common challenges faced by A/R departments and how your company can resolve them with many of the accounts receivable automation tools on the market today.
Trade Credit & Liquidity Management
MAY 29, 2025
Automation and artificial intelligence (AI) are transforming accounts receivable (AR) and B2B trade credit management by replacing manual, error-prone processes with intelligent, AI-driven tools. Credit decision-making, collections, cash application, deductions, and communications are greatly enhanced by AI-powered AR automation.
52 
Gaviti
DECEMBER 20, 2022
This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. What Is ERP and Accounts Receivable Automation Integration? When integrating your ERP and accounts receivable systems, ensure all stakeholders are on-board with the process.
Invoicera
JANUARY 19, 2025
Statistics say that in 2023 alone, the global accounts receivable automation market was valued at $3.81 Managing your business Accounts receivable and payable is tough! It is expected to grow at a rapid CAGR of 12.9% from 2024 to 2030. Cost and Time Savings As the old saying goes: “Time is money.”
Enterprise Recovery: Accounts Receivable
MAY 17, 2024
Outsourcing accounts receivable and collections is a strategic decision that can benefit businesses. By partnering with a collection agency, businesses can offload the time-consuming task of chasing unpaid invoices, allowing them to focus on their core operations.
Enterprise Recovery: Accounts Receivable
APRIL 28, 2023
Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts. Does your business use an accounts receivable policy?
Accounting Tools
APRIL 6, 2024
What is the Accounts Receivable Aging Report? An accounts receivable aging is a report that lists unpaid customer invoices and unused credit memos by date ranges. The aging report is the primary tool used by collections personnel to determine which invoices are overdue for payment.
Gaviti
AUGUST 23, 2023
Disputes within account receivables can lead to delayed payments, strained customer relationships and unforeseen cash flow problems. Here are the usual steps: Receiving the dispute: The accounts receivable team identifies a customer’s invoice or payment discrepancy and is given to an A/R analyst.
Accounting Tools
OCTOBER 8, 2023
Related Courses Corporate Cash Management Corporate Finance Treasurer's Guidebook What is the Assignment of Accounts Receivable? Under an assignment of accounts receivable arrangement, a lender pays a borrower in exchange for the borrower assigning certain of its receivable accounts to the lender.
Gaviti
APRIL 24, 2023
Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. Even so, there are some typical accounts receivable management problems and solutions most businesses should review. The AR team must identify problems and seek long-term solutions.
Accounting Tools
MAY 14, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Overview of Accounts Receivable When goods or services are sold to a customer , and the customer is allowed to pay at a later date, this is known as selling on credit , and creates a liability for the customer to pay the seller.
Accounting Tools
JUNE 17, 2023
Related Courses Bookkeeping Guidebook Effective Collections How to Audit Receivables What is Accounts Receivable? Accounts receivable refers to money due to a seller from buyers who have not yet paid for their purchases. The amount of non trade receivables is usually quite small.
Gaviti
AUGUST 27, 2024
Once your finance team is onboard with automating your accounts receivables to streamline and optimize the process, you’ll need to decide whether you want to shop for an outside vendor or build your own accounts receivable automation software in-house. And your IT team will likely have a strong opinion about this as well.
Gaviti
JANUARY 7, 2025
Whatever the reason, Overdue invoices are a fact of life, past due invoice emails are an effective method for managing your accounts receivable effectively. Sending a late payment reminder encourages prompt payment of unpaid invoices, reducing the number of delinquent accounts and minimizes the risk of write-offs and bad debt.
105 
Intuit
AUGUST 30, 2024
What’s the difference between bookkeeping and accounting? We’ll define each, explore the differences between bookkeeping and accounting, and discuss what it takes to pursue roles in the fields. Bookkeeping involves categorizing each transaction, specifying the amount involved, and tracking it in the relevant account.
246 
Xero
AUGUST 7, 2024
And this year, we’re proud to have filled our exhibitor floor with some of the best and most loved apps for accountants, bookkeepers and small business owners alike. BILL allows you to automate accounts payable and accounts receivable processes, while directly syncing all payment actions back to Xero for you.
241 
Accounting Tools
SEPTEMBER 7, 2023
Related Courses Bookkeeping Guidebook How to Audit Receivables New Controller Guidebook Accounts receivable is the amount owed to a seller by a customer. Accounts receivable is listed as a current asset on the balance sheet , since it is usually convertible into cash in less than one year.
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