The GROW! Show

Finance: How Can I Reduce My Accounts Receivable


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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

    ...more
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