ACCT 4210 Collections Process Discussion

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Question Description

I’m working on a accounting discussion question and need an explanation and answer to help me learn.

Scenario: You run a tax preparation and bookkeeping business. It has been in operation for over three years; however, over the past year you have noticed that some clients are not paying for their bookkeeping services within the required 30 days. What can you do to improve the collections process?

Read the 7 Tips to Improve Your Accounts Receivable Collection to help generate ideas.

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