DSO stands for Days Sales Outstanding
It is a commonly used measure for the invoicing collection process. Investopedia defines DSO as “A measure of the average number of days that a company takes to collect revenue after a sale has been made”. If you are strictly a cash business your DSO will be 0. If you [...]
When it comes to business invoices can be your best friend, but also your worst enemy. In an ideal world, invoices would get generated for services or products your company has provided and the customers would pay them. Sounds simple, right? The reality is there is a large amount of time, effort and ultimately money, [...]
