Invoicing tips to slash A/R delinquencies
The Startup Magazine
OCTOBER 7, 2019
The majority of business owners said their biggest focus was growth. They often pursued growth at the expense of other issues. A five-year study found that 2% of all accounts receivable were permanently uncollectible. If the proportion of accounts receivable that is uncollectible rises from 2% to 4%, then profit margins can drop by 30% or more. Of course, the reality is a lot worse for a lot of businesses. This can create all kinds of cash flow problems.