While collecting accounts receivable is hard work, no one can overstate the importance of timely collections. Sooner is much better than later to pursue unpaid debt, as shown in the following graph.
The longer you wait to pursue a delinquent account, the less likely the full amount is to be collected. How long should you pursue debts before turning it over to a professional collection agency? The answer varies depending on your internal staffing levels and your abilit... READ MORE 〉