When you're growing a small business, it can be overwhelming to take on tasks that aren't your strengths. After all, you started a business because you were good at something... and likely, that something wasn't invoicing or collecting accounts receivable.
Making sales and making money are obviously necessary to grow your business. Instead of searching all over the internet for advice and sample templates, let us give you a head start.
Click on the links below to download our free resources.
Small Business Advice, Resources and Free Accounting Templates.
Get Organized
One of the first things you need to do is to start keeping records and get organized. We've documented what you need to track, how to track it and other best practices for organizing small business accounting.
See also: Small Business Best Practices: End of Year Financials
Get Paid
We've also written a guide to help you follow up with clients, while maintaining a good relationship, so that you get paid faster. While asking anyone for money can feel a little uncomfortable, we offer tips for talking to your clients too.
See also: How to Talk to Clients with Unpaid Invoices
Free Sample Templates
To get organized, get paid and successfully grow your accounts receivable team, we've created editable templates for your business:
- Sample Collection Letter - A friendly reminder notice to prompt your client to pay
- Sample Accounts Receivable Collection Policy - Best practices to ensure success and efficiency of your accounts receivable collections.
- Sample Accounts Receivable Job Descriptions - Job roles and responsibilities for when you begin to hire for your A/R department
See also: What to Do When a Client Stops Paying
If you still need assistance in collecting for your business, contact Enterprise Recovery for more information on small business collections or to learn how commercial collections works. Or click the link below to download your FREE guide to hiring the best collections agency for your business needs.
