west michigan commercial collection experts / 6 posts found

collections plus

Reconcile: Measure What You Manage

Account reconciliations should be part of your month end process. Reconciling your accounts is important to ensuring your company’s financial integrity and the accuracy of your bookkeeping. It enables you to have accurate numbers for your balance sheet. I believe account reconciliation is one of the most important things a bookkeeper does. Data entry is usually a pretty simple matter of making judgments on what accounts to assign transactions to. Reconciling your accounts is where the rubber meets the road. In fact, if you haven’t reconciled as part of your month end, you haven’t really done bookkeeping. You’ve just done […]

Funding Your Business: 10 Options to Consider

While the main focus of Collections Plus is helping you collect any past due accounts you may have on your books, we realize you may find the need to acquire additional financing for your business. So in this article we cover 10 options open to you in ways to get funding.  So, planning how to fund a business is hardly a trivial or brief topic. Indeed, a thorough discussion would take much more space than we have here. First, there are two ways to externally fund a business: debt and equity. When debt is used, the investor receives a note […]

Time is Money, 4 Tips to Mange Your Time

While Collections Plus is here to help you collect when one of your clients is not paying you, there are other ways your business may not be operating efficiently. Here are some tips from a recent article in Entrepreneur on how to better manage your time. 1. Your schedule can never be too organized. You have to be accessible but with limits to avoid having your time usurped. This is why I run my day with my Microsoft Outlook calendar. Outlook (along with Mozilla’s Thunderbird and other competitors) allows users to create blackout times and dates to ensure meetings aren’t scheduled […]

Four easy steps to optimize the cash flow of your medical practice.

Cash Flow – an issue that is only discussed when there is not enough of it – or when there is a suspicion that everything is not well – be it a growing age analysis or writing off large amounts at the end of the financial year. At Collections Plus, Inc. we can help your business manage cash flow by managing how you collect and manage your accounts receivable. Contact us today for all your commercial collections needs. The subject of Cash Flow Management has become an enigma to most medical practitioners – as it’s perceived to be outside the […]

3 Simple Tips for a More Effective In-House Debt Collection Process

Managing invoices and collecting them on time is not an easy job. It requires a significant investment of your time and energy and even then many of your invoices are likely still going beyond terms, being written off as bad debt, or being sent off to a debt collection agency. The debt collection process is complicated and tedious, but there are some surprisingly simple things you can do to become more efficient and significantly more effective when it comes to managing and collecting invoices in your office, here are a few tips to help you get started: Sending the InvoiceOnce […]

Collection Laws by State

by Collections Plus
Comments are off for this post.
Thanks for everyone that contributed to this post. If you have any questions please contact us at 616-554-9988