by Bobbie Witt | Apr 23, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First, tax tips
Churned monthly recurring revenue percentage (Churned MRR %) What is MRR? Churned MRR % looks at any decrease in MRR as a percentage of the whole MRR. The reduction in MRR can be an outcome of clients who decide they no longer need your services, from clients who...
by Bobbie Witt | Apr 22, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First
Telephone Limitations Wait for the debtor to finish before you speak and avoid talking in between pauses. Avoid interrupting and the urge, even though your message is important. They may be trying to decide how to tell you the actual reason why payment hasn’t been...
by Bobbie Witt | Apr 16, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business, tax tips
One of the key factors that impacts your success is the revenue coming into your firm, so it is important that you understand it well. From how much is coming in, to how much you are losing, and where any sizeable activity is occurring. We’ve chosen the top five...
by Bobbie Witt | Apr 15, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Home Page Blog, Profit First
PART 2 Effective phone tactics Here are ways to increase your chances of success: Call the debtor to see if they’re still in business and if there is a disagreement about the invoice. Many steps in the collection process must be skipped or rushed, if a debtor is out...
by Bobbie Witt | Apr 8, 2019 | Bookkeeping for Business
The Effective Collector Having the following qualifications will help you become an effective collector: Clear handwriting. Memos, letters and their signatures that go to the debtor need to be simple to read, and the notes on a customer’s file must be clear to others...
by Bobbie Witt | Apr 1, 2019 | Bookkeeping for Business, Bookkeeping for Law Firms, Bookkeeping for Property Management, Profit First, Small Business
15% of employee fraud is related to inflated travel and other expenses according to The Association of Certified Fraud Examiners. Manual systems are tedious and make it easy to get away with inflated expenses. Cloud-based expense management systems is beneficial to...
