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    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is ear

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    If you are like many small businesses, even a few late payments on your accounts receivable can seriously crimp your cash flow. It is vitally important that you take immediate and systematic steps to limit the number of past due receivables that you have at any time. The number one strategy is to have a system in place that limits the number of accounts that go past due in the first place. There are numerous tools and strategies for doing just that. However, today, we will concentrate on how to deal with the past dues once they appear.

    Here are some tips that will help you to reduce your outstanding receivables:

    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is earl

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    you take immediate and systematic steps to limit the number of past due receivables that you have at any time. The number one strategy is to have a system in place that limits the number of accounts that go past due in the first place. There are numerous tools and strategies for doing just that. However, today, we will concentrate on how to deal with the past dues once they appear.

    Here are some tips that will help you to reduce your outstanding receivables:

    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is ear

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    place that limits the number of accounts that go past due in the first place. There are numerous tools and strategies for doing just that. However, today, we will concentrate on how to deal with the past dues once they appear.

    Here are some tips that will help you to reduce your outstanding receivables:

    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is ear

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    we will concentrate on how to deal with the past dues once they appear.

    Here are some tips that will help you to reduce your outstanding receivables:

    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is ear

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    · Address the issue immediately. Never wait more than 3 business days past the due date to contact the customer. This allows for mail delays, but is early enough to catch a situation before it becomes worse.

    · When you contact customers, don't give them an excuse to use ("Did you receive your invoice?"). Rather, ask them, "When did you send your payment?" If they tell you it hasn't been sent, ask them if they intend to send it today. If they say "no," ask when they expect to send it. Get a commitment from them and follow up if the commitment is not honored.

    · Ask your customers why they haven't paid your bill. Remember, if they are honest with you, you should treat them with the utmost respect. Everyone has cash flow issues from time to time and your treatment

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