Articles in the Cash Flow Category
Every business wants to increase revenue and cut expenses. How about if you do both of those things, and help the planet at the same time?
How? By going greener in your business.
Yes, I know—you’ve heard for years: “I’d love to go green but it’s too expensive and difficult!” Maybe you’ve even said this.
The good news is that’s nonsense. Done the right way, going greener can be easy, cheap, and profitable.
Let me say that differently: sure, there are plenty of expensive, difficult ways to green a business. But there are also lots of ways to go greener that you can do quickly and easily, for little or no cost.
Days Sales Outstanding (DSO) is your company’s average collection period.
The smaller this number, the faster you are in collecting money from clients.
Depending on the nature of your business (for example, number of transactions, customer profiles, and competition), you may choose from a variety of strategies and tactics to reduce your Accounts Receivables Average.