Managing Accounts Receivable: How 54 Sales Professionals Collect Past Due Accounts

Download or read book Managing Accounts Receivable: How 54 Sales Professionals Collect Past Due Accounts written by Bob Oros and published by Lulu.com. This book was released on 2015-02-22 with total page 72 pages. Available in PDF, EPUB and Kindle. Book excerpt: If you're looking for a heavy duty book with tons of details, this book is not for you. However, if you want a quick read with the techniques that 54 real live sales people use to collect past due accounts this 70 page booklet will be helpful. This quick read makes an excellent tool to hand out to your sales team who typically don't like to be overloaded with too much information. While having a small accounts-receivable balance indicates good financial management, (around 1.5% to 2.5% of your gross income), collecting past-due balances is a difficult aspect of the sales process. Studies show that 75% of receivables that are 3 months delinquent are paid. However, this number drops to 56% after 6 months. Therefore your delay in collecting past-due accounts will reduce your chance of receiving payment.