DSO Meaning Let’s start by defining what DSO means. Days Sales Outstanding (DSO) is the average number of days taken by a firm to collect payment from their customers after the completion of a sale. if I send an invoice of January 1st with a payment due date of January 31st and the customer ends…
Most businesses sell to their customers on credit. The items or services ordered by customers are delivered before any payment is made. Accounting-wise, we use an account called “Accounts Receivable” to track that a payment is due by the customer. Technically for every customer, we track the invoices that are sent with a set of…
Dear Reader, Nick and I are both Product and Marketing Executives and we have never done this before: Build the best software with our heart, Mind and Money and giving it all for free. But Why? Collection / Account Receivables has been an afterthought for too long. For the last 30 years, the ERPs and…