BizSugar.com › Finance › 9 Tips For Managing Your Customer Receivables

Having Accounts Receivable i.e. amounts owing by customers is both good and bad. It's good because it means that you have sales and customers. It's bad because it is cash that you don't have now, and there is always a possibility that you won't collect. When you offer credit terms to your customers it is extremely important to have a system in place to manage your accounts receivable. It is difficult to collect amounts due when you don't actually know how much you are owed or when it is due. Having the information at your fingertips (this really relates to any kind of information) also makes a great impression. Below are some steps to help manage and collect on your accounts receivable: