WELCOME TO ISSUE NO #021

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📆 Today’s Rundown

Hey 👋, in the last issue, we discussed Why tracking AR turnover matters, but now, we are proceeding with Billings & Collections and today’s topic is:

Accounts Receivable Aging

Are You Missing Critical Cash Flow Insights? Master AR Aging Reports.

Newsletter highlights

1. 3 reasons AR aging reports are essential 🤟

2. AR Aging Stat of the Week 🔢

3. My Tool of the Week 📊

4. Latest Week Content Update 🆓

3 Reasons Why AR Aging Reports Are Essential

1. They help you identify late payments

   AR aging reports organize unpaid invoices into 30-day buckets, allowing you to spot overdue accounts that may impact your cash flow.

   By identifying customers who consistently pay late, you can take proactive steps to address payment delays, improving your cash inflows.

2. They help prevent bad debts

   Tracking overdue invoices helps you avoid bad debts by alerting you to customers who may become credit risks.

   By incorporating late fees and offering early payment discounts, you can incentivize timely payments and reduce the chances of uncollectible debts.

3. They offer insights into your company’s financial health

   Regularly reviewing your AR aging report keeps you informed about the efficiency of your collections process.

   This insight allows you to adjust your strategies as needed, ensuring a steady cash flow and maintaining investor confidence.

AR Aging Stat of the Week

90+Days

Invoices that remain unpaid for over 90 days are at high risk of becoming bad debts, potentially harming your company’s cash flow and financial stability.

This week’s shameless plug…

Just a couple days ago, I made a big announcement.

I launched The Financial Strategy Sessions!

What is it?

• A flexible option to book a 60-minute power-hour session focused on your financial needs

• A chance to dive deep into your business's financial strategy, forecasting, and planning

• An opportunity to optimize your financial systems with personalized, expert advice

• You can now book these sessions as standalone or as part of the 4-session CFO Program

Ready to elevate your financial strategy?

My Tool of the Week

Chaser

Chaser is an accounts receivable automation tool specifically designed to improve AR aging and cash flow management.

It offers:

• Automated Payment Reminders: Automate the process of sending personalized payment reminders to customers, reducing the time spent on manual follow-ups and improving payment timeliness.

• Invoice Tracking: Monitor the status of all your outstanding invoices in real-time, helping you quickly identify late payments and take action.

• Customizable AR Aging Reports: Generate detailed AR aging reports that can be customized to fit your specific needs, providing clear visibility into your collections process.

What I like most about Chaser is its ability to enhance the collections process through automation and personalization, making it easier to manage overdue invoices and improve your AR aging performance.

Latest week content update

Here is the latest week content which

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