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The lingering impact of the pandemic on IRS collections

Accounting Today

IRS data and changes to collection operations over the past four years show 10 clear effects.

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What data can, and should, small businesses collect about their customers?

Xero

I always feel energised after these meetings and in this one we had a fascinating discussion around data collection minimisation. Anna kicked off the discussion by asking the group to think about the (over) collection of gender data. It is a key concept underpinning responsible data use. Privacy by design.

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Navigating the Challenges of B2B Debt Collections

Enterprise Recovery

Debt collections between businesses (B2B) is the recovery of overdue payments for goods or services provided to another company. Understanding the intricacies of B2B debt collections is essential for businesses to manage their cash flow effectively and maintain healthy financial relationships with their clients.

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Art of Accounting: Problems with accounts receivable besides collecting them

Accounting Today

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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Cash collection cycle definition

Accounting Tools

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is the Cash Collection Cycle? The cash collection cycle is the number of days it takes to collect accounts receivable. Clearly, this is only cost-effective for very large overdue balances.

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How to Collect Outstanding Invoices Faster With Better Dunning A/R Collections Templates

Gaviti

Effective communication is the most critical aspect of any A/R collections strategy. Even so, there are some basics you can apply across most templates you may use for collections. How Can You Use Templates To Collect Invoices Outstanding for Payment? Create an invoice for every step of the collections process.

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Key Advantages of Autonomous Finance in A/R Collections

Gaviti

What are the Benefits of Autonomous Finance in A/R Collections? Automating manual tasks such as A/R invoice collections and account reconciliation eliminates these tasks that are prone to human error. As a result, businesses can increase productivity in their A/R collections teams without hiring additional staff.