Thursday, April 16, 2009
Collect your invoices quick or you won't get paid.
A recent study revealed that bill more than 60 days past due can collected about 89% of the time. However, that number drops to 67% after 6 months, and to 45% after 1 year. Thus, the key to accounts receivable collections is to catch it early, have consistent communications, and to take further action soon. For more info on Peterson Law Group's debt collections practice, click here.