How-to articles on invoicing and getting paid.
Sometimes you will run your normal QuickBooks accounts receivable (AR) reports, see amounts that are drifting further and further into the right Unpaid columns, and realize that the erstwhile customer is just not going to pay – voluntarily. In this case small claims court may be a great alternative. What is Small Claims Court? Small [...]
And now, three more IMPORTANT techniques to use in dealing with collections and slow-pay customers. Today we'll talk about setting the right tempo, retainers, and being Mr. Nice Guy. In the final blog in this series we’ll discuss how to be “no more Mr. Nice Guy” when it's time to go legal. Then a word [...]
Invoice Collections: The Squeaky Wheel Gets the Oil For most small businesses, cash is oxygen. That’s why late-paying clients can be a time-consuming and frustrating challenge. It not only ties up money you needed to pay your own vendors and expand but getting clients to pay-up can become stressful and cause real dilemmas (should I [...]
Uncollectable accounts receivable and Bad Debts are a fact of life for most businesses. If your firm extends credit to customers, lends money or guarantees obligations of other companies then it’s only a matter of time before something adverse happens in this area. Some firms require upfront payment or progress payments and may be generally [...]