In a recent Hayes Management Consulting blog, Sondra Akrin provides 9 questions to ask when winding down your accounts receivable during an IT transition. Increase patient engagement. Reduce costs.

When it comes to managing your business’s finances, sales are only half the story. The other half is how quickly you actually collect the money you’re owed. If you’re not getting paid on time, even ...

Everyone engaged in business will at some point encounter the challenge of collecting outstanding amounts owed. There are a variety of different approaches as well as different levels of difficulty.

Contra accounts adjust asset values, like equipment depreciation reducing fixed assets. Increased allowance for doubtful accounts may signal rising uncollectable receivables. Companies use contra ...