“Cash flow management is a major issue for most small businesses,”
“Having money tied up in debtors is no different to having money tied up in slow-moving inventory. It is a burden on the business. Traditional accounting software will provide you with the data required to chase up outstanding debts.
“A standard debtors aged balances report will show you who owes what, and how long the debt has been outstanding for. Most businesses would simply sort this report from largest outstanding to smallest, and then focus on the larger amounts that are beyond the due date.”