May XX, 2011 Media Contact: FOR IMMEDIATE RELEASE David Greenwood, 978-568-1374
Collection
Agency Reminds Businesses to Stay On Top of Receivables Even During Summer
Months
Memorial
Day is Here; American Profit Recovery Advises
Businesses to Stay on Track with Invoicing and Collections
Marlborough,
Mass – American Profit Recovery, a collection agency based
in Michigan, Massachusetts and North Carolina, has seen countless businesses
lose track of their accounts receivables during the summer months. After
Memorial Day, many lose site of the back end duties of their business for several
reasons.
From vacations to seasonal businesses that require
the owner to work the front lines, there are many reasons important tasks take
a backseat. American Profit Recovery has long touted the importance of basics
when it comes to running a business and the accounts receivables that come
along with it. The collection agency has come up with several tips for managing
the basics of an accounts receivables program and has issued a video on the
same topic;
-Invoice on a regular basis and don't
put it off: Many small business
owners are also front line operators who service customers. Don't let that get
in the way of taking time at regular intervals to get your invoices out. If
possible, invoice or take payment at time of service.
-Don't take it personally when you don't
get paid: If you're in business for
any length of time, you're going to have some bad debt. Deal with it in a
timely and respectful manner and get third-party help
when it goes too long.
-Get off on the right track: Use accounting software
to track your businesses including who has not paid yet.
-Review contracts: Have your contract or agreement you use with clients
reviewed by an attorney so you're protected and make sure to gather as much
contact information as possible on the person you are servicing.
There are many other important items to consider
when running a business and keeping track of unpaid invoices including when to
retain the services of a reputable collection agency.
For more tips on keeping on top of cash flow and
accounts receivables, view the video Accounts Receivables 101 by American
Profit Recovery. http://tinyurl.com/3aw3mxk
About American Profit Recovery:
American Profit
Recovery (APR) is a collection agency
with offices in Massachusetts, Michigan and North Carolina. Founded in 2004,
APR specializes in the collection of third-party debt in industries such as
medical/dental, banking, trades, lawn care and other professional services.
With early intervention and a strong focus on ethics and diplomacy with consumers,
APR works hard to preserve the relationship between client and consumer with an
ultimate goal of keeping the business relationship intact. The firm serves
approximately 3,500 clients nationwide. American Profit Recovery and their team
have earned many awards including Best Places to Work in Collections and Most
Influential People in the Collection Industry. 800-711-0023 http://www.americanprofit.net/
33 Boston Post Road W., Suite 140
Marlborough, MA 01752