Every firm needs to keep Accounts Receivable (A/R) under control to maintain positive working capital.
But while the top companies get paid in 8 days or less, many CPA firms struggle to manage A/R processes – from invoicing clients to collecting payments. If your days sales outstanding (DSO) is sky-high and your team is tired of chasing payments, it's time for a new approach.
This whitepaper will give you practical steps to tame the "A/R elephant in the room" for good. You'll also get valuable insights and data on A/R practices across the accounting profession.
You'll discover:
- How aging A/R impacts your long-term financial and operational goals
- Why there's a strong correlation between top performers and the ability to manage the payment cycle
- How the best companies are reducing DSO to 8 days or less
- Tips to create an A/R process that frees up working capital and resources