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Finance: How Can I Reduce My Accounts Receivable

Finance: How Can I Reduce My Accounts Receivable

FromThe GROW! Show


Finance: How Can I Reduce My Accounts Receivable

FromThe GROW! Show

ratings:
Length:
11 minutes
Released:
Sep 13, 2023
Format:
Podcast episode

Description

In this episode, Grunder Landscaping VP Vince Torchia delves into different ways to help you reduce your “days outstanding” in relation to A/R (accounts receivable). 
Collecting payment for work you've done is a critical part of maintaining strong cash flow at your landscaping company. Tune in to hear simple strategies companies can use to collect payments from clients promptly.
Discussion Points:

Collections are slowing in general
Calculating A/R “days outstanding”
Automation can help - credit cards and ACH’s
Building in credit card fees, discounts for cash
Providing a portal for customers to pay through
Assigning A/R responsibility to one person within the company
Setting up the process so everyone is aware
Recap 

The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.
 
Resources:
 
GROW! Conference Feb 2024
The Grow Group
Grunder Landscaping
Vincent Torchia LinkedIn
Marty Grunder LinkedIn
Stihl
Released:
Sep 13, 2023
Format:
Podcast episode

Titles in the series (52)

The GROW! Show is a show that highlights Marty Grunder's annual conference, GROW!. The GROW! show will showcase how anyone in the green industry can grow themselves, their team, and their business.