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Accounts Receivable Business

oboloo Glossary

Accounts Receivable Business

Accounts Receivable Business is the process of managing the money owed to a business by its customers. To be successful in Accounts Receivable, businesses need clear policies and procedures for tracking customer payments and payment due dates, along with consistent systems to ensure invoices are sent to customers on time. A well-run Accounts Receivable Business also develops effective strategies for communication with customers and efficient methods for collecting past due invoices. With an organized system in place, businesses can effectively manage their cash flow and get paid quickly and accurately.

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