Accounts Receivable
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Accounts receivable is a critical part of your business. Your company's sales are vital to its existence. Monitoring this process is essential, yet for some, it sometimes goes unnoticed due to time constraints. Unfortunately, this can have a detrimental effect on your business as a whole. It is worse than sales being down or not generating sales at all. Each time your business generates a sale, you automatically incur a cost associated with that sale. If you are unable to monitor your accounts receivable closely to ensure collection occurs, you will be generating expenses only, something that will definitely take a bite out of your bottom line.
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