The Essential Guide to Day Sales Outstanding

The Essential Guide to Day Sales Outstanding
Days sales outstanding, or DSO, is the average number of days it takes a company to collect payment after a sale has been made. It is also a metric for AR, or accounts receivables. DSO is typically reported and evaluated on a monthly, quarterly, and annual basis. It’s important to understand DSO norms over a 12-month period because your numbers may vary month to month due to natural business cycles or seasonality of your business.

Customer Communications: Your most overlooked superpower in Accounts Receivables

Customer Communications: Your most overlooked superpower in Accounts Receivables
How different is your business today, compared to 12 months ago? For many of you, it’s likely very different. Customers are not coming into your place of business nearly as often, if at all. Collecting cash has become more challenging. The need for new ways to transact is driving change. Your ability to respond to changing market conditions and events, and then communicate those changes, is critical to survive. Some of you have up-ended your entire business model to meet new market demands, while others are optimising existing processes.