Top 7 Strategies for Writing Accounting Procedures | Article Outlet

[unable to retrieve full-text content]With these new processes and reports, the company now tracks Average Days Collection and past due rather than just Days Sales Outstanding (DSO) as the measure of their collection effectiveness. The result: an extra $350000 in cash. And, again, we explicitly see the crucial role of time and ... You might offer a discount of 1% if paid within 10 days else net due in 30 days. This is equivalent to 18 % annual interest and most businesses will take those terms. Shorten ...

Source: http://articleoutlet.net/2012/02/16/top-7-strategies-for-writing-accounting-procedures/

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