Top 10 Account Collection Mistakes
It would be wonderful if everyone simply paid their invoices immediately. However, in business, you need to diligently collect and follow up on accounts. Here are some of the common mistakes that can slow down and hinder the process.
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What Information Should My Invoices Include?
Your invoices may be the most important documents in your business; without them, you won't be paid. Your invoices should always include the following information:
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Collections: How to Get What's Coming to You
Many entrepreneurs are challenged—even intimidated—by the prospect of collecting what is owed to them, partly because most don’t like being confrontational and partly because they are afraid to find out they’ve been had. In spite of this discomfort or fear, however, you... |
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Getting Paid: The Waiting Game
We all need to keep the cash flowing so we can run and grow our businesses. But, for many entrepreneurs, money is still hard to come by. And I don’t mean investment capital; it’s become a waiting game just to collect money that’s due us.
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How to Reduce the Cost of Bounced Checks
The cost of bounced checks to small-business owners goes far beyond the penalty fees the banks charge for depositing bad checks. The time spent handling bounced checks and the havoc they wreak on cash flow are also part of the toll.
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SCORE Tip of the Week: Use These Invoice Tips to Get Paid Faster
SCORE's CEO, Kenneth R. Yancey, provides 6 tips for receiving payments more quickly.
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SCORE Tip of the Week: How Smart Invoicing Can Boost Your Profits
Mel Ettenson of SCORE Detroit shares advice for effective invoicing.
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10 Tips for Picking a Payment Processor
These days, it’s easy for almost any small business to tap into the electronic payment system and accept credit and debit cards along with other types of e-payments. And there are plenty of payment processors competing for your business.
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Small Business Financials: Smart Ways to Get Paid Faster
Imagine watching a split-screen of two plumbers going into separate homes in the same neighborhood to install hot water heaters. The jobs seem almost identical right up to the point of payment. The plumber on the left leaves after the work is done and sends an invoice about a week later. He... |
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Apple Pay: What Every Small Business Needs to Know
Everyone seems to be talking about Apple Pay lately. It’s all over the news, and people with the new iPhone are already trying it out. But do you know what Apple Pay is and what it means for your business? Here’s a quick run-down of the essential information:
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