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[Amarendra Srivastava | 12 Nov 2009 | No Comment | 4,356 views]
BizVidya Guide: Reduce your Days Sales Outstandings

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.