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Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
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Proactive Account Updates: Keep sales informed about accounts with paymentissues or upcoming credit holds. Trade Credit & Liquidity Management is a reader-supported publication. Credit Pre-Checks: Work with sales to anticipate credit needs for both existing and new customers.
Regularly review past-due accounts Identifying overdue accounts involves regularly reviewing payment records to pinpoint accounts that have missed their due dates, allowing for early detection of potential paymentissues and enabling proactive measures to manage them effectively.
A high turnover ratio indicates that the company collects payments quickly and efficiently, while a low turnover ratio may suggest collection delays, ineffective credit policies, or customer paymentissues. Its commonly used in both business and personal finance to assess credit health and risk.
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