Comments on: Spotlight on a Quickbooks Instructor: Teaching Small Businesses to Fish http://blog.teachstreet.com/homepage/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/ Find Local Teachers. Learn New Things. Wed, 19 Nov 2008 03:47:45 +0000 http://wordpress.org/?v=2.5.1 By: Roger Gins http://blog.teachstreet.com/homepage/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-190 Roger Gins Sat, 22 Mar 2008 00:43:56 +0000 http://blog.teachstreet.com/2008/02/05/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-190 For those who are running businesses all to well know that cash flow is the life force. The number one condition that saps this strength is for a business to have slow payers. That is why it is of the utmost importance to manage ones accounts receivables. The importance of timely payments can not be over emphasized. Research has shown that not only do slow payments drain cash but the likelihood of being paid at all is significantly reduced as time goes on. For example, on average, when a receivable goes 90 days 27% are not collectable and if they go 180 days 43% are not collectable. Best practices suggests that reminders and demand for payment should happen early, systemically, and alternating between calling, e-mailing, faxing, and mail. Fortunately, with current technology all businesses can access the same collection tools as the large corporations. A good example of this is A/R Connection which offers a service where by a company uploads their Aging Report and the service automatically Calls, E-mails, Faxes, or Writes those customers who are late in their payments. If any one is interested they can be found at www.arconnection.com For those who are running businesses all to well know that cash flow is the life force. The number one condition that saps this strength is for a business to have slow payers.

That is why it is of the utmost importance to manage ones accounts receivables. The importance of timely payments can not be over emphasized. Research has shown that not only do slow payments drain cash but the likelihood of being paid at all is significantly reduced as time goes on. For example, on average, when a receivable goes 90 days 27% are not collectable and if they go 180 days 43% are not collectable.

Best practices suggests that reminders and demand for payment should happen early, systemically, and alternating between calling, e-mailing, faxing, and mail.

Fortunately, with current technology all businesses can access the same collection tools as the large corporations. A good example of this is A/R Connection which offers a service where by a company uploads their Aging Report and the service automatically Calls, E-mails, Faxes, or Writes those customers who are late in their payments.

If any one is interested they can be found at http://www.arconnection.com

]]> By: Miriam http://blog.teachstreet.com/homepage/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-170 Miriam Mon, 10 Mar 2008 01:16:57 +0000 http://blog.teachstreet.com/2008/02/05/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-170 Looking for someone to set up Quickbooks for our small company in Westchester.l Can you find such a person? Looking for someone to set up Quickbooks for our small company in Westchester.l

Can you find such a person?

]]> By: Dave http://blog.teachstreet.com/homepage/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-148 Dave Wed, 06 Feb 2008 19:34:36 +0000 http://blog.teachstreet.com/2008/02/05/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-148 So, Katie... when are we having Keith come in to fix up all of our QuickBooks mistakes?!? Great post! Dave So, Katie… when are we having Keith come in to fix up all of our QuickBooks mistakes?!?

Great post!

Dave

]]> By: kristin hart http://blog.teachstreet.com/homepage/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-147 kristin hart Wed, 06 Feb 2008 19:27:38 +0000 http://blog.teachstreet.com/2008/02/05/spotlight-on-a-quickbooks-instructor-teaching-small-businesses-to-fish/#comment-147 Good stuff, thanks! Good stuff, thanks!

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