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Accounts Receivable Management for Trucking: 5 Tips for Getting Paid Faster

Accutrac Capital 11-May-2015 0 Comments Permalink

Accounts Receivable Management is a critical task that needs to be performed regularly and professionally in order to fully manage your trucking companys cash flow. The speed with which your company converts its invoices into cash can have a tremendous impact on the overall health and profitability of your trucking business.

5 Tips for Getting Paid Faster

  1. Do a Credit Check
  2. Invoice Immediately
  3. Use an Accounting System
  4. Reward for Early Payment
  5. Follow up on Invoices

Managing your accounts receivable properly to avoid negative cash flow is essential to sustain ongoing operations. For this reason; many trucking companies are utilizing invoice factoring to convert receivables into immediate cash.

Benefits of Invoice Factoring

  • Invoices are paid within 24 hours
  • Professional Accounts Receivable Management is included
  • Services are convenient and cost effective

Contact Accutrac Capital today to learn more about Accounts Receivable Management and Invoice Factoring

 

Contact Accutrac Capital today to learn more about Accounts Receivable Management and Invoice Factoring

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