The Balance Sheet: Accounts Receivable
Not sure how Accounts Receivable can impact your cash flow?
To be sure you have the cash you need to accomplish your business growth goals and understand the timing of the money flowing through your business and the strength of your cash position, you need to know your Accounts Receivable collection cycle.
How can this course help?
The "Balance Sheet: Accounts Receivable" course from Numbers Coach University will equip you to understand strategies and decisions leaders make to ensure you have adequate processes in place that helps and does not hinder cash flow. Numbers are your compass, telling you where you are and where you are heading. How do you know your collection cycle? What are strategies to speed it up?
In this brief course you learn concepts and how to apply them in your business as you work with them regularly.
After completing this course, you will be able to answer questions such as:
“What impact the collection cycle has on your cash flow?”
“What strategies can I implement to speed up the collection cycle?"
"What are the best practices that I should consider to optimize my collection processes?"
Who Is This Course For?
This course is for leaders of businesses and their leadership teams that want to grow their business at a sustainable pace. You are a perfect fit for this course if you are a:
- Business Owner
- Financial Leader
- Non-Financial Leader
What Will I Learn?
In this course, you will learn how the Accounts Receivable collection cycle impacts your businesses cash flow and strategies to leverage it. By the end, you will be able to:
- Learn how to calculate your days sales outstanding for your collection cycle.
- Understand how timing affects your ability to create maximum cash flow impact.
- Answer the question: what are the best practices around collecting payment from my customers?
- Learn the Accounts Receivable collection cycle interacts with the other 8 essential numbers that the Numbers Coach recommends that you measure and track regularly.
Reviewing and understanding the key numbers impacting your Accounts Receivable collection cycle will keep you from being blind-sided by a cash-flow shortage or surprised at the failure of an ill-timed initiative.
Get started today with this self-paced course that you can do in only 30 minutes (or less) to gain the insights you need to connect your Accounts Receivable collection cycle and best practices to cash flow.
This is one of many courses from Numbers Coach University that will help you Own Your Numbers!
Your Instructor
Michael Iverson, MBA, CPA spent over 30 years as a financial executive for corporations such as KPMG, American Family Restaurants, Pediatric Services of America, and Profit Recovery Group. He founded Trillium Financial, Inc. (now Numbers Coach) in 2002 to provide small to midsize businesses with key financial functions such as budgeting, cash flow forecasting, banking and capital funding, mergers and acquisition activity and more. As the Numbers Coach, he has guided many entrepreneurs and business owners along their journey to reach the summit of financial success. Mike has been featured as a business finance expert regularly on podcasts such as Small Business Matters, Scaling Up and The Profit Answer Man.
