Finance Corporate Finance

Billing and Collections Best Practices

By Steven M. Bragg
John Wiley & Sons December 2004

Specifications

ISBN-13
9780471702245
Publisher
John Wiley & Sons
Publication
December 2004
Format
Hardback , 243 pages
Jurisdiction
International or US ? Countri(es) for reference only

Details

Billings and Collections Best Practicesoffers advice for implementing a plethora of best practices to greatly improve your company's level of efficiency in information reporting, including:
  • Showing you how to create a more efficient billing operation.
  • Demonstrating how you can reduce the error rate on bills sent to customers.
  • Revealing specific steps for you to reduce the amount of outstanding receivables.
  • Providing guidelines on how you can restructure invoice formats to shorten the payment interval.
  • Detailing how to create a database for recurring billings and how to maintain its accuracy.

Table of Contents

Preface.

Chapter 1: Success or Failure with Best Practices.

Chapter 2: Credit Policies, Procedures, and Systems.

Chapter 3: Credit Granting Techniques.

Chapter 4: Invoice Creation.

Chapter 5: Invoice Delivery.

Chapter 6: Cash Collection and Application.

Chapter 7: Managing the Collection Department.

Chapter 8: Collection Systems.

Chapter 9: Collection Techniques.

Chapter 10: Deduction Management.

Chapter 11: Outsourcing Collections.

Chapter 12: Billing and Collections Measurements.

Appendix: Summary of Best Practices.

Glossary.

Index.

About the Author

STEVEN M. BRAGG, CPA, CMA, CIA, CPIM, has been the CFO or controller of four companies, as well as a consulting manager at Ernst & Young and auditor at Deloitte & Touche. He received a master's degree from Bentley College, an MBA from Babson College, and a bachelor's degree in economics from the University of Maine. Mr. Bragg resides in Centennial, Colorado. He has written twenty books, including Accounting Best Practices, Accounting Reference Desktop, and Controllership: The Work of the Managerial Accountant, all from Wiley.
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