As a small business owner, managing your accounts receivable (AR) is crucial to maintaining a healthy cash flow. Three key metrics that can help you understand the health of your AR are Best DSO, Best Possible DSO and Average Days Delinquent.
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Managing cash flow is one of the most critical aspects of running a successful business. Cash flow refers to the amount of money flowing in and out of your business's bank account at any given time. It is essential to keep a healthy cash flow to ensure that your business can meet its financial obligations, pay its bills on time, and invest in future growth. This blog post will explore how to manage your cash flow like a pro by using an Accounts Receivable (A/R) dashboard.
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Tracking accounts receivable KPIs is crucial for businesses to effectively manage their cash flow, improve payment collection, and maintain financial stability.
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As a small business owner, it can be challenging to manage your finances while also juggling other responsibilities. Invoicing and tracking accounts receivable (A/R) can be a time-consuming and stressful process, especially if you are doing it manually. Fortunately, there is a solution that can save you time and money: an A/R dashboard. In this article, we will explore five ways that an A/R dashboard can save your business time and money.
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