“I would say that to get paid we have to do further work than just send the bill about 50% of the time,” said Carrie Williams, the Account Receivables manager at Mastercraft Exteriors, a disaster recovery roofing company based in Illinois. Sound familiar? Her explanation for why this happens may strike you as familiar as…
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As it turns out extension cords can teach us a great deal about how to run a roofing company, and now is the time to learn because, finally, there’s some business out there. Strength in multi-family building when the year began stayed strong. In fact, 9% more multi-family projects earned permits this year than…
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[vc_row][vc_column width=”1/1″][vc_column_text]In recognition of Optio Solution’s long-standing commitment to community service, the California Association of Collectors (CAC) awarded the company its 2014 Outstanding Community Service Award. From its headquarters in Petaluma, California, Optio has contributed to local, national, and international causes dedicated to helping people in need, and it has pursued many of these efforts…
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How is a business owner sinking under ever-expanding receivables supposed to respond to our country’s current situation? The recession shaved 11% off American’s median income before it officially ended in 2010, and according to the Federal Reserve the first three years of “recovery” shaved off another 5%. While the wealthiest 3% saw their share of…
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HVACR Business Magazine recommends that you always know the ratio between your accounts receivable and your accounts payable to make sure you can see a cash flow problem coming. That’s an excellent plan, and in order to know what to do if – or, realistically, when – you see that problem on its way let’s…
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Dental Office Managers know how important it is to keep receivables as low as possible, but sometimes actually collecting outstanding debts can seem counterproductive from a business development point of view. What’s the solution? Setting appointments, answering phones, ordering supplies, and problem solving any negative trends (such as declining cash flow) are all full time…
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