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February 9, 2007, Newsletter Issue #51: Accounts Receivable Tips
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Tip of the Week
Accounts receivable are the ones we like (the ones that pay) and analyzing them properly is one of the keys to the door of success. A tip on accounts receivable: the best way to boost the income of your business is to track where you money comes and goes. You can't spend all your time doing this - there'd be no money to track if you did. But you want to answer questions like "who is my best customer?" in an instant. Accounting software packages should offer comprehensive software features that allow you to manage your cash flow and develop multiple financial reports, so you don't have to spend hours analyzing.
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