If you’ve ever sold a product or service, you already know how important it is to get paid on time. But when money is involved, there’s more than just sending a bill and hoping it gets paid. Behind every successful business transaction, there’s a system that keeps things organized, clear, and traceable. This system lives… Continue reading Understanding Invoices, Billing, and Payment Terms: A Simple Guide to Getting Paid Right
Tag: billing process
Optimizing Cash Flow: The Impact of Setting the Right Payment Terms on DSO
Cash flow is the heartbeat of any business. Without enough cash coming in at the right time, even a profitable company can run into trouble. That’s why managing how quickly customers pay—also known as Days Sales Outstanding, or DSO—is so important. DSO tells you how many days, on average, it takes to collect payment after… Continue reading Optimizing Cash Flow: The Impact of Setting the Right Payment Terms on DSO
