Safeguard Your Accounts Receivables to Survive the COVID-19 Crisis - June 2020

By John Kenney, Partner, Cotney Consulting Group
Mon, Jun 29, 2020

Even though the National Bureau of Economic Research has not officially called a recession while they wait for the official GDP numbers, we are in one. There is no doubt about that; the only question is how long will it last? The answer to that is, no one knows. We have never in history had an economy come to a halt in a 30-day time frame. Our economists do not have any prior models to base a recovery plan from.

What Can You Do?
Companies that keep close tabs on their account receivables are less exposed to the outstanding debts of their customers. If you have not already done so, have your accounting team identify which customers have a pattern of paying their bills late and develop a plan to reduce risk immediately. Read more


Bookmark & Share



Popular tags on this blog

ASCE 7-16 | Business Strategy | Coatings | Convention & Expo | COVID, hurricane season | Cyber Security | Finances | Financial Strategy | Florida Building Code, roofing in Florida, roofing code in Florida | Florida Legislative session | Florida legislature, legislative news | FRSA's Building, FRSA's New Building | FRSA Executive Committee | President's Column | Productivity, Efficiency | Roof Drainage | roofing apprenticeship, roof training, training programs, apprenticeship | Roof Maintenance | Roof Ventilation | Sales | Skylights | STAR Awards | Suicide awareness in the workplace | Sustainable Roofing | Ventilation |
Premium Advertisers
Banner
Banner
Banner
Banner