Manage Accounts Receivable for Small and Medium Businesses, Maintain Healthy Cash Flow

As a business actor, you have to think of various ways to maintain the continuity of your business, one of which is by managing the receivables made by your customers in order to create an economy. bisnis You stay awake, but too many receivables of course will make you feel confused when you want to report finance You, here are tips for managing SME receivables for you!

Tips for Managing SME Receivables

You must strictly manage receivables problems to prevent possible obstacles in reporting sales results, here are tips that you must do to manage your receivables properly and save your company's finances so that they don't stagnate:

• Be Strict in Providing Receivable Opportunities

Receivables basically give you the opportunity to make payments for your product in stages, all you have to do is give a credit decision in an unhurried manner, try to ask for cash payments in advance so that the funds at least don't have to wait to be disbursed. process your product purchase transaction.

• Give the Smallest Time Limit

Give the shortest time to limit the payment of these receivables, don't let it take too long, it will make the possibility of your business transactions full of conflicts and cause a loss of interest in buying people in your area.

• Limit Your Receivables

In running a business, you also need to pay attention to policies in limiting the amount of receivables used by customers. At least you have to minimize the possibility of receivables because it will minimize your business losses if your debt payments are not made according to what is needed in productivity.

• Archive Proof of Payment

In archiving documents for accounts receivable, you have to look at documents that are paid or not, by documenting proof of payment you are also able to handle any unwanted events. With these tips, data collection on your profits can immediately be known and find out which receivables must be immediately sought to be disbursed

• Make Sure Your Receivables Are With Trusted People

Indeed, receivables cannot be fully submitted by all customers, you should pay attention to the possibility if someone makes receivables in payment of your goods, don't forget to pay attention to your business profits in the long term.

Therefore, before you make receivables, make sure your customers also comply with the previously promised receivables agreement.

Those are tips for managing your accounts receivable to keep it running without disrupting incoming cash and maintaining good relationships with customers. Also try to make receivables in the right way and also safe for you bisnis Yourself. Sales spirit!

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