Tighten-Up on Your Home Business Accounts Marianna FL

With the current economic crisis, are your customers stretching out their payments or disappearing without paying off their debt to you? If so, it’s time to review the basics and art of collecting accounts receivable without damaging customer relations. First of all, remember the cardinal rule, “It’s your money and you needn’t be bashful about seeking prompt payment for your goods and services.”

Mr. Ronald E. Duell, CFP®
(850) 526-2074
4425 East Lafayette St
Marianna , FL
Firm
SunTrust Investment Services

Data Provided by:
Wells Fargo - Marianna Main
(850) 526-9600
4393 Lafayette St
Marianna, FL
Type
Branch
Office Hours
Mon-Thu 08:30 AM-04:30 PM
Fri 08:30 AM-05:30 PM
Sat 09:00 AM-02:00 PM
Sun Closed

Daniel Brownsberger
FirsTrust, LLC
(561) 477-3232
2385 Executive Center Drive, Suite 100
Boca Raton, FL
Expertises
Ongoing Investment Management, Helping Clients Identify & Achieve Goals, Financial Issues Between Generations, Retirement Planning & Distribution Rules, Estate & Generational Planning Issues
Certifications
NAPFA Registered Financial Advisor, CIMA

Mary Baldwin
Mary E. Baldwin, CFP
(321) 722-0511
1735 West Hibiscus Boulevard, Suite 200
Melbourne, FL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners
Certifications
NAPFA Registered Financial Advisor, CFP®, MBA

Bonnie Sewell
American Capital Planning, LLC
(703) 579-7031
9100 S. Dadeland Blvd.
Miami, FL
Expertises
Ongoing Investment Management, Women's Financial Planning Issues, Retirement Planning & Distribution Rules, Planning Issues for Business Owners, Advising Entrepreneurs, Divorce Planning
Certifications
NAPFA Registered Financial Advisor, AIF, CFP®

Mr. Timothy J. Hummel, CFP®
(407) 617-0659
4325 Lafayette St
Marianna, FL
Firm
Hummel Voight, Inc
Areas of Specialization
Comprehensive Financial Planning
Key Considerations
Average Net Worth: $500,001 - $1,000,000

Average Income: $100,001 - $250,000

Profession: Not Applicable

Data Provided by:
SunTrust Bank
(850) 526-7939
4695 Highway 90
Marianna, FL
Type
ATM, Branch, Investment Center, Drive-Thru
Office Hours
Monday: 9-5
Tuesday: 9-5
Wednesday: 9-5
Thursday: 9-5
Friday: 9-6 Weekend:
Drive Up Hours
Monday: 8-5
Tuesday: 8-5
Wednesday: 8-5
Thursday: 8-5
Friday: 8-6 Weekend:

John Carrig
Gold Coast Financial Planning
(561) 750-6759
555 S. Federal Highway, Suite 210
Boca Raton, FL
Expertises
Middle Income Client Needs, Retirement Planning & Distribution Rules, Investment Advice without Ongoing Management, Advising Employee Benefit Plan Participants, Planning Concerns for Corporate Executives, Hourly Financial Planning Services
Certifications
NAPFA Registered Financial Advisor, CFA, CFP®

David Frisch
Frisch Financial Group, Inc.
(813) 639-7580
2202 N. West Shore Blvd. – Suite 200
Tampa, FL
Expertises
Ongoing Investment Management, Estate & Generational Planning Issues, Tax Planning, Retirement Plan Investment Advice, Women's Financial Planning Issues
Certifications
NAPFA Registered Financial Advisor, CFP®, CPA/PFS

Charles Dolci
CWD Consulting, Inc.
(954) 581-8785
861 SW 58th Avenue
Plantation, FL
Expertises
Ongoing Investment Management, Planning Issues for Business Owners, Estate & Generational Planning Issues, Retirement Plan Investment Advice, Hourly Financial Planning Services, Retirement Planning & Distribution Rules
Certifications
NAPFA Registered Financial Advisor, BBA, CMFC, CPA/PFS

Data Provided by:

Tighten-Up on Your Home Business Accounts

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When Times Get Tough, Receivables Get Tougher To Collect
By Richard J. Maturi

With the current economic crisis, are your customers stretching out their payments or disappearing without paying off their debt to you? If so, it’s time to review the basics and art of collecting accounts receivable without damaging customer relations. First of all, remember the cardinal rule, “It’s your money and you needn’t be bashful about seeking prompt payment for your goods and services.”

Timely Invoices and Billing Statements
The cornerstone of your accounts receivable system is providing timely invoices and billing statements. Every day you delay, is another day you don’t get your money. It helps to know your customers’ payment cycle. If they pay once a month on the fifteenth, and you send out your invoices on the 20th, you missed their payment cycle. By timing invoicing by customer, you may receive payment early, improving cash flow dramatically. If your receivables are large enough, a bank lockbox speeds up collections by eliminating the time it takes to process receipts in-house and deliver them to your bank.

Clearly Spelled Out Terms
Make sure your terms are clearly spelled out on invoices and billing statements. The invoice establishes the existence of the debt and should contain several key bits of information to prevent any confusion should conflict arise. First of all, date your invoice. This helps your customer determine when payment should be made based on the terms (net 30, 2% discount if paid with 15 days of invoice, etc.), which should also be prominently placed on the invoice. Know the current Dun & Bradstreet industry norms for payment cycles so you do not make your terms too stringent and thus lose customers to competitors with more lenient payment terms. Make sure you provide an accurate and complete description of the goods and services received by the customer. Inventory code numbers are great for your computer but mean nothing to the customer.

Accounts Receivable Schedule
Keep a pulse on billing activity and accounts receivable. Prepare an accounts receivable schedule by customer and payment due date. When the payment does not arrive on the expected date, make a friendly call to let your customer know you appreciate their business and inquire what has delayed payment. This usually gets the check in the mail. It lets customers know that you expect payment on time and are not the one who will let things slide. It’s also a good tool to help determine if a particular customer is experiencing financial difficulty. If so, you might try to work out a payment schedule that satisfies both of you. Working with your customer through a rough patch, may make them a faithful customer for many years.

Solving Problems
Ask when you can expect payment or if there is anything you can do to help move payment along. If any problems exist, now is the time to get them solved. It may be as simple as faxing a c...

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