Collecting receivables: Many small businesses can improve their cash position simply by making certain that their billing, collections, and payables systems are operating as efficiently as possible. Small businesses do not have the luxury of large accounting and collection departments of big corporations so they often have their bookkeeping done by an external bookkeeper. More […]
1. Bill timely and accurately 2. Do not wait until an invoice becomes past due to chase it. 3. Deposit payments into the bank account daily!