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Collecting debts in Canada.(International Section)
Collection procedure
The collection of outstanding receivables is as much a responsibility of the credit department as the investigation, evaluation, and approval of the customer's credit. The collection effort should include a systematic and regular follow-up. This is vital to establish credibility with the customer concerning the company's credit terms.
Time is the essence of credit and collections. The follow-up must be made on a timely basis in order to be effective. A timely, accurate, monthly-aged trial balance of the company's accounts receivable is a most valuable method of reviewing and controlling the collections as well as for reference when ...
- The Hackett Group: World-Class Finance Executives Deliver Benefits Equal to 60...
- Press release article from: Business Wire November 1, 2004 700+ words
...effective tax rates and Days Sales Outstanding (DSO), according to the...effective tax rates and Days Sales Outstanding - finance organizations...companies' bottom line. In Days Sales Outstanding, Hackett found that world...
- DSO as a measure of competence. (Days Sales Outstanding)
- Magazine article from: Business Credit Dennis, Michael C. March 1, 1994 700+ words
...at least in part, on changes in their company's Days Sales Outstanding (DSO). Measuring changes in DSO is not a good way...due balances by identifying the average number of days sales represented by delinquent balances. For example...
- Leading indicators: days sales outstanding. (Illustration)
- Newspaper article from: Soft-Letter June 10, 1994 700+ words
...How fast do software companies collect on their invoices? The answer, traditionally measured in terms of the "days sales outstanding" (DSO) ratio, has a direct impact on how much working capital a company needs to fund ongoing operations...
- Why Is DSO Higher?(Days Sales Outstanding)(Brief Article)
- Magazine article from: Collections & Credit Risk March 22, 2002 700+ words
...Foundation's 4th quarter National Summary of Domestic Trade Receivables report shows an expected increase in median Days Sales Outstanding for all industries. In fact, DSO is at its highest level since the recession of 1982 (46.6 days) when it...
- Commercial Indices Continue to Improve: Days Sales Outstanding.(Brief Article)
- Magazine article from: Collections & Credit Risk July 1, 2004 700+ words
...from the fourth quarter and 17.2% lower than the same time a year earlier. Other positive signs: The Median Days Sales Outstanding figure of 41.55 days - 2.9% better than the first quarter a year earlier - was the best recorded in the past...
- By Moving to World-Class in Days Sales Outstanding, a Typical $10 Billion...
- Press release article from: Business Wire March 23, 2006 700+ words
...8 million/year in bottom-line savings if they achieve world-class performance in this area by reducing Days Sales Outstanding (DSO), a standard measure of how quickly companies get paid by their customers. Hackett's research also...
- Good treasury management can reduce DSO.(HEADLINE)(days sales outstanding)
- Magazine article from: Business Credit Diana, Tom September 1, 2007 700+ words
Credit professionals can help reduce days sales outstanding (DSO) not only by setting terms that are appropriate to the creditworthiness of customers, but also by good treasury management...
- Rural/Metro Corporation's First-Quarter Results Reflect Improved Operating...
- Press release article from: Business Wire November 14, 2001 700+ words
...improve during the quarter. Programs designed to enhance payment for domestic ambulance transports resulted in days' sales outstanding (DSO) dropping to 76 days for the three months ended September 30, 2001. By comparison, year-to-date...
Source: HighBeam Research, Collecting debts in Canada.(International Section)