Measuring your efforts
In an earlier post I talked about calculating your DSO. The most well know way to benchmark your A/R is by using the Days Sales Outstanding (DSO) calculation. It’s a common, well understood indicator that is widely used. The fact that it is so common makes it easy to find DSO numbers for [...]
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 [...]
We have received a number of questions on why you might need Greenbill if you are already using Quickbooks and emailing invoices. What does it offer? Why should you bother. I traded a few emails with a friend David Mammano who suggested a simple top 10. Thanks for the idea Dave.
10. Seamless 2-way integration with [...]
What is a lockbox?
A service offered by banks to companies in which the company receives payments by mail to a post office box and the bank picks up the payments several times a day, deposits them into the company’s account, and notifies the company of the deposit. Data entry clerks at the bank manually [...]
Why are we having a tasty Turkey Dinner only once a year, on Thanksgiving? For the same reason why we run yearly reports once a year, at the end of the year. They have too much complexity, it takes too much time to prepare them and then to consume and analyze. We don’t need such [...]
