Cash flow management is an essential aspect of running any business — especially a small business. The tips in this article will help you better understand cash flow management and how it applies to your small business.

Accounts receivable management (ARM) is the process of managing accounts receivable to ensure outstanding invoices are collected in a timely manner, as well as identifying and avoiding unnecessary delays in payment.

An accounts receivable aging report is a document that lists all outstanding invoices and shows how long each one has been unpaid. This report can be run for a specific time period, such as the past month or quarter, or it can show all outstanding invoices regardless of when they were issued.

Early payment discounts are beneficial for both parties involved. The supplier gets paid sooner, which improves their cash flow, and the customer saves money on their purchase.

A complete guide to the maximum Late Fee Laws by US State, for all states and territories in the United States. We cover the maximum late fee you are allowed to charge in each state, as well as the grace period you must allow your customers. 

Copy and paste, legal clauses and real examples of late fee policies that you can use to implement your Late Fee policies.