Money, Receivables Management

How to Word Your Past Due Letter

Late payments are a common occurrence for small businesses, but through consistent Receivables Management, you can whip all your customers into reliable, on-time payers. Besides being organized, how you word your past due letter is the most important step towards…

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Receivables Management

AR Management Best Practices : The Proactive Payment Reminder

Past due invoices can be a real strain on a small business’ financials. There are many things you can do, before the invoice is even due, to prevent delinquent payments. Your contract, payment terms, invoice design and a proactive payment…

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FG Philosophy & News, Money

How to Use Sterner Language in Your Collection Letters

Asking for money can be uncomfortable, so having a plan for how you communicate at each stage of the collections process can alleviate stress. You should have a dunning letter template on-hand that you use when a client still hasn’t…

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