Commercial Collections Blog

Home / Blog

Accounts Receivables Aging

The Accounts Receivable Aging Schedule is a useful tool for analyzing the aging of your accounts receivable. Analyzing the schedule allows you to spot problems in accounts receivable early, protecting your business from major cash-flow problems. The aging schedule can be used to identify the customers that are extending beyond your collection terms. If the [...]

Days Receivable Outstanding DSO Calculation

Accounts Receivable Collection Period, Days Sales Outstanding in Receivables (DSO) Because of the importance of cash in the management of your company, it is in your best interest to collect outstanding debts as soon as possible. By quickly converting sales into cash, you have the chance to put the money to reuse – to reinvest [...]

Top 3 things to consider when placing accounts for commercial collections

The Top 3 things to consider when placing accounts for commercial collections: Getting Paid! Protecting Your Company’s “BRAND”! Licensing, Bonding, and Insurance 1. Getting Paid – The obvious first priority of any credit manager is to make sure the company gets paid for the product or services their company has sold.  When it comes to [...]

Agencies Specialize in Consumer or Commercial Debt

Why Most Collection Agencies Specialize in either Consumer or Commercial Debt Collection? It seems collection agencies are doing much the same thing when collecting commercial and consumer debt.  However, there is a big difference and several things to consider before hiring an agency.  In the end, it may be best to send consumer collections and [...]

6 Ways to Handle a Debtor Who Suddenly has Problems

When creditors extend credit, many things can happen. What do you do if your best customer tells you “I’m Drowning in Debt”? You need your money and have worked really hard to get and keep your customers. Perhaps the best way to handle this situation is, upon the account becoming past due, reschedule payments.  This [...]

State Statutes of Limitations for Debt Collection

State Statutes of Limitations for Debt Collection A statute of limitations sets forth the maximum period of time, after the debtor becomes delinquent, that legal proceedings (law suits) can be initiated.  After the times shown below, a court will throw out any lawsuit. The type of debt affects the statute of limitations, too. Credit cards [...]

NADL Partners with Burt and Associates as their preferred Collection Agency

SOURCE: http://dentallabsoftware.info/archives/708 Burt & Associates, NADL’s collection partner, has a track record of success in collections for over 30 years. Burt & Associates maintains a 76% collection ratio on all monies placed by our Dental Lab clients. We offer NADL member a low flat rate so you don’t pay anything unless we collect the money [...]

Optical Resources partners with Burt and Associates as their preferred Collection Agency

  OPTICAL RESOURCES WELCOMES BURT AND ASSOCIATES AS PARTICIPATING VENDOR Wednesday, July 11, 2012 at 08:41PM SOURCE: http://www.opticalresources.com/news/2012/7/11/or-welcomes-burt-associates-as-participating-vendor.htm Burt & Associates has set an impressive benchmark of collectability with Optical Resources. With collections spanning the country from coast to coast, Burt & Associates has maintained a 71.4% collection ratio since 2007. Burt & Associates is [...]

When a Creditor won’t Renew a Line of Credit

When any creditor chooses not to renew a debtor’s credit line –  other creditors should  become proactive and try to find out why. Below are two suggestions to help determine the underlying reason. 1.  Pull a trade report on the debtor to find out if payment habits have changed. 2.  Request an updated financial statement [...]

Accounting Tactics to Increase Short-Term Earnings

To boost short-term earnings, managers can may make operating decisions to increase sales as a quarter draws to a close.  Another company may cut back on staffing or R&D to minimize expenses.  Additionally, accounting changes or tactics may be used to manipulate short-term earnings. Businesses may attempt to change their earnings-target by diminishing analysts’ expectations [...]

Older Posts »