New York (June 2, 2004) -- Accounting firms would benefit from better accounts receivables practices, according to Yu-Soon (Hugh) Koh, CFO of STA International, a business credit management organization.
Good AR polices include a continuous review of your firm's credit policy, and differentiating potential bad debts from sound clients (among the red flags are payments by post-dated checks, or constantly late payments, or both; frequent changes in management; low levels of liquidity; and a frequent change of banks).
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