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Plan to Turn Your Company Around in 90 Days: How to Restore Positive Cash Flow and Profitability by Jonathan H. Lack

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How to Manage Accounts Receivables Better

Stop Leaving Money on the Table

Similar to having a long list of payables, having a long list of overdue receivables can be discouraging as well. However, receivables need to be viewed as an opportunity to bring in much needed cash as quickly as possible.

This chapter’s objective is to help you come up with a game plan to manage and collect your aging receivables more effectively. Considering your situation, collecting overdue receivables must be one of the top priorities of the company. Remember, your firm is not in the business of lending other companies money beyond the agreed-on terms of the initial ...

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