Topic: Payments (2)
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 ask for payment professionally: email, phone, text and letter templates
Asking for payment is one of the most common challenges in business.
Early payment discount: what is it & how and when to use it?
In today's fast-paced business environment, managing cash flow effectively is crucial for maintaining...
What are accounts receivable vs accounts payable?
In the world of finance, two crucial concepts that play a significant role in managing a company's cash flow...
Payment reminder email: 8 templates to get paid + sequence guide
87% of businesses struggle with late invoiced payments. But, companies that get their money faster use a...
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7 tips to collect unpaid invoices from customers
Are you tired of the silent treatment after sending multiple emails and leaving voicemails for overdue...
What is bank reconciliation? Guide to accurate books and finance
Bank reconciliation is an essential process for your business. Get it right, and you’re well on your way to...
What is a promissory note?
A promissory note is a written agreement between a lender and a borrower that sets out the terms of a loan.
What is an EFT payment?
An Electronic Funds Transfer (EFT) payment is a payment option with unparalleled convenience, efficiency, and...
Are debit card transactions cash or accounts receivable?
Debit card transactions are generally considered cash transactions because the funds are immediately deducted...
What is an ACH payment?
Automated Clearing House (ACH) payments have transformed the landscape of financial transactions, providing a...
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Free payment tracker Excel template (and Google Sheets)
Chasing outstanding invoices takes enough time without having to build your own tracking system from scratch....