Time to Collect Your Money!

Tell me if this has happened to you.

You know that your client owes you some money.  Today is the day you resolve to give them a call to find out when you can expect payment.  In all likelihood, they took a look at the bill awhile ago and then simply forgot to get it to their bookkeeper to get it paid.  No problem.

Then you sit down at your accounting system and realize that you can’t tell exactly what they owe you.  Perhaps you vaguely recall receiving a partial payment a few weeks ago, but now you don’t see it in your records.  Or you know that you did a Change Order which changed the total balance by $1,200 but you can’t tell if that’s already been added to the total in your system yet.

You literally have no idea how much money you are supposed to be collecting.

So you start the process of researching and untangling the issues, but it gets so exhausting or confusing that you just quit without collecting any of it.

Don’t let your accounting confusion prevent you from collecting money that is owed to you.  Working with an expert to clean up your Accounts Receivable balances and building better efficiencies will help you collect faster and improve the cash flow for your business.