How Do You Manage Accounts Receivable in Your Business?

Due to their limited budget, small companies may only be able to make the majority of their purchases on credit. By selling more on credit, small enterprises could have a competitive edge over companies that don’t sell on credit. On the other hand, selling on credit exposes a business to risks of unpaid invoices, which increases the need for extra monitoring and management of payments. Here are some tips to manage your AR - 1. Use the credit limit 2. Sort your Purchase Order Management 3. Adapt Automation- A good automation tool such as Invoicera can be adapted for smoother work flow 4. Pace up your Invoice Approval Read more at