Bookkeeping

While a shorter average collection period is often better, it also may indicate that the company has credit terms that are too strict, which may scare customers away. When analyzing average collection period, be mindful of the seasonality of the … Read More

Over time, missing these growth opportunities can negatively impact a firm’s market position and profitability. All these strategies, while having their distinct benefits, require careful consideration of their implications and must be implemented thoughtfully to optimize the average collection period … Read More