Your customer's decision to purchase your product or service is the start of the cash conversion period. Allowing your customers to make their purchase ... |
The decision to extend credit to your customers is based on your credit policy. Depending on your credit policy, the time involved in the decision making ... |
As the name implies, this is the step where you actually fulfill the customers' orders by delivering your products or services. In some businesses, this may involve manufacturing a product before it ... |
In this step of the cash conversion period, you issue an invoice (bill) to your customers or clients for the ... |
Diggers Plus is a small construction company specializing in excavating, trenching and other building site preparation construction. A typical project for the company takes one to two weeks to ... |
For most businesses, the time it takes to collect on a customer's account is generally the step requiring the most amount of time in the cash conversion ... |
Payment and deposit is the final event in the cash conversion period. This step involves looking at the way you receive payments from your customers, and ... |
Some of the delay in the postal service is the result of having your mail delivered directly to your place of business. This type of delivery entails some extra sorting so that your mail gets into ... |
Using lockbox banking is a cash flow improvement technique in which you have your customers' payments delivered to a special post office box instead of your business address. |
Preauthorized checks are checks that you write on behalf of your customers to pay the amount owed to you. No action is required on the part of your customers if you use preauthorized checks. ... |
