How to Vet a Customer Before You Extend Credit
Selling on terms is lending. How to vet a new customer quickly: registration checks, trade references, a small starting limit, a deposit, and the first two invoices.
Practical guides on getting paid faster: accounts receivable, invoicing, aging, and cash flow.
Selling on terms is lending. How to vet a new customer quickly: registration checks, trade references, a small starting limit, a deposit, and the first two invoices.
A deposit funds the work and filters out customers who were never going to pay. How much to ask for, how to ask without sounding desperate, and when to waive it.
Days Sales Outstanding tells you how long your customers really take to pay. Here is the formula worked through, what a good DSO looks like, and how to bring it down.
Overdue invoices are usually an admin failure, not a refusal to pay. How to chase early, escalate in tone instead of volume, and still keep the customer.
The fields that leave a customer no excuse to delay paying: clear line items, an explicit due date, a PO reference, and bank details they can act on today.
Profit is an opinion; cash is a fact. Why a profitable business can still run out of money, and how to protect the cash that keeps the lights on.
An aging report groups your unpaid invoices by how overdue they are. Here's how to read one, what the buckets mean, and how to turn it into faster payments.
Late payments strangle small-business cash flow. Here are seven practical accounts receivable habits that get invoices paid faster, without hiring a collections team.