How to write a dunning letter | 3 example dunning letter templates
Late payments are a persistent challenge for businesses of all sizes. While polite reminders can work in some...
Free accounts receivable templates (Excel & Google Sheets)
Managing accounts receivable can be a time-consuming task, but it doesn't have to be. To simplify your...
Statement of account: Guide to clear, professional statements (+ template)
Need a clear and professional statement of account sample for your business? Whether you're chasing payments...
How to calculate bad debt expense and what to do with the result
Are you facing questions from your board about increasing Days Sales Outstanding (DSO)? Or has your...
Xero integrations: 5 best Xero apps to boost efficiency in 2025
Manual processes at small and mid-sized businesses (SMBs) are costing $600 billion globally. Administrative...
Dunning management: Importance, processes, and best practices
Your DSO keeps climbing, and your finance team is spending hours chasing payments instead of focusing on...
How to use the Average Collection Period formula to reduce Days Sales Outstanding
The Average Collection Period (ACP), also known as Days Sales Outstanding (DSO), can be calculated using the...
What happens if you lose a debt collection lawsuit?
Facing a debt collection lawsuit is a stressful experience. Many individuals find themselves in this...
How much do debt collectors pay for debt?
In the complex world of finance, debt collection is a significant aspect that affects individuals and...
What happens when a debt is sold to a collection agency?
When unforeseen circumstances lead to financial struggles, managing debt can become a daunting challenge....
What happens if you don't show up to court for debt collection?
In today's world, being in debt is all too common, and navigating the legal system can be overwhelming....
What is a soft credit check? Soft pull vs hard pull
When applying for a business loan or credit card, you may encounter two types of credit checks: soft pulls...