Accounts receivables are a concern for any business. They age, they go unpaid, and they impact your bottom line. An entire industry is built on the simply managing accounts receivables, aptly named the “accounts receivable management” industry.
Accounts receivable and credit management is especially challenging in the construction and building material supply industries. It’s something we’ve written about here under the “Credit Management” tag, and it is the topic I address in a guest blog post published this morning at Construction Law Musings.
Here is the opening paragraph to wet your appetite:
Managing account receivables in the construction and building material supply industries presents unique challenges and unique solutions. This post reviews the industry-specific reasons why accounts will age and go unpaid, as well as the industry-specific credit and collections solutions available to controllers and credit managers.
Head over to Christopher Hill’s very well-done construction law blog for the full article: Why Accounts Age And Solutions For Construction Industry Credit Managers.
And thanks very much to Christopher Hill and his Construction Law Musing blog for inviting me back to guest post in his weekly “Guest Post Fridays” column. This is the fourth or fifth time I’ve had the honor (which I think is a record!), and it’s always great to be a part of his publication.
Be sure to follow and read the Construction Law Musings blog to constantly read about interesting developments in construction law.