Plenty of businesses calculate the money they have based on the invoices they send out — but this is the type of accounting warned about in that adage about counting chickens. In fact, your accounts receivable, which contains the sums you are waiting to accept from your clients, isn’t money at all; if anything, it is an obligation. To ensure your accounts receivable is fulfilled, you have to devote time and energy to writing and sending invoices, checking in throughout the payment window, and legally pursuing clients to become delinquent. Still, your accounts receivable is valuable, which means you can…
How to Take Advantage of Your Accounts Receivable
