Learn collection tips that will help you secure payment, speed up the collection process, perform surefire client screenings, and more.
The title of this topic speaks for itself and takes on heightened significance to the professionals who learn from it. While the target audience may be attorneys, lending professionals, accountants, credit and collection managers, financial personnel, and other management levels, this is equally applicable to any businessperson who just wants to get paid timely. With the tightening of the economy and everyone’s financial belt, what better way to access capital - your own. At the end of the day that cash flow monkey on the businessperson’s back affects every aspect of the enterprise’s financial strength. That’s why taking control of your accounts receivable and keeping bad debts and lackluster cash flow at bay requires constant vigilance. This topic of solid ideas (albeit many just a logical approach) provides additional tools for the businessperson’s arsenal of resources to fight this never-ending battle.Learning Objectives
- You will be able to recognize that there is no better way to access capital - your own.
- You will be able to explain how much it costs you not to apply many of the tips and strategies suggested.
- You will be able to describe why taking control of your accounts receivable and keeping bad debts and lackluster cash flow at bay requires constant vigilance.
- You will be able to review solid ideas and additional tools for the businessperson’s arsenal of resources to fight this never-ending battle of collecting monies that you earned, and that you are owed.
Agenda
- Must Know Tips on Securing Payment
- Issues Surrounding the Timing of Billing and Tips That Will Help You Collect Faster
- Tips to Underscore the True Cost of Slow Receivables
- Surefire Ideas on Client Screening and Up-Front Efforts
- Ready to Implement Tip to Help Reduce Bad Debts
Speakers
Martin H. Abo, CPA, ABV, CVA, CFF,
Abo and Company, LLC- Manager and founding member of Abo and Company, LLC Certified Public Accountants
- Co-managing member of Abo Cipolla Financial Forensics, LLC, an affiliate of the core accounting firm exclusively providing expert witness testimony on financial matters and other litigation support services and business valuations
- Has comprehensive experience in individual and corporate finance, business and tax planning
- The majority of his business clients have closely held businesses and professional service firms needing advice and guidance on evaluating the enterprise and establishing/maintaining sound business and financial practices that are also practical
- Has been providing such services for lawyers and law firms of various sizes and other enterprises covering many industries; clients, as well as the banking, insurance, legal and general business communities, continue to call upon him to provide unbiased consulting assistance, business valuations and dispute resolution
- Holds the professional designation of certified valuation analyst from the National Association of Certified Valuation Analysts and has been awarded the designations of ABV, Accredited in Business Valuation, and CFF, Certified in Financial Forensics, by the American Institute of Certified Public Accountants
- Volunteers time and expertise to many other business and professional organizations including serving as a director of Deborah Hospital Foundation; an active member and served as president of the Estate and Financial Planning Council of Southern New Jersey; is an active member and served as a director of the Chamber of Commerce of Southern New Jersey; serves on the Matrimonial Accounting Interest Group of the NJSCPA
- Director and treasurer of Exit Planning Exchange-Philadelphia (XPX), whose members include estate planning attorneys, CPAs, investment bankers, wealth management advisors, commercial lenders, executive coaches, M&A attorneys, marketing and management consultants as well as former business owners who now advise fellow business owners on exit planning
- Can be contacted at 856-222-4723 or marty@aboandcompany.com
Who Should Attend
This live webinar is designed for credit and collection managers, attorneys, lending professionals, presidents, vice presidents, branch managers, business owners and managers, directors, controllers and accountants.
