Client Connection

Client Connection

Monday, February 11, 2013

The New Year Is No Longer So New.

The New Year Is No Longer So New.  Time to Face Up to the
Accounts Receivable Challenges of 2013

Now that we are well into February, it is time for you and your firm to figure out where you are -- and where you need to be heading in the months remaining this year. Planning seems to be difficult for most firms, especially when it comes to accounts receivable management, but it is vital if you want to increase collections and reduce receivables.

Ask yourselves the following questions: 
• What are our accounts receivable goals for 2013?
• What information do we need to have a firmer grasp of the status of our accounts?
• How do we know if our current collection efforts are effective? Or are we just assuming that, since we have initiatives, they are working?

Now, early in the year, is a good time to assess your efforts, figure out who has which responsibilities and evaluate how well they are doing them. The bottom line question: what steps can we take to reduce the duration of receviables? Learn more on our web-site at