Skip to content
TroveWorks
Collect Invoices 45% Faster; Reduce DSO
TroveWorksTroveWorks
  • Solutions
  • Integration
  • Customers
  • Pricing
  • Training & Support
Download Now
  • Solutions
  • Integration
  • Customers
  • Pricing
  • Training & Support

Daily Archives: October 14, 2021

You are here:
  1. Home
  2. 2021
  3. October
  4. 14

Days Sales Outstanding

How to calculate DSO (Days Sales Outstanding)

Collection Best PracticesBy troveworksOctober 14, 2021Leave a comment

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…

AR Software

Beginner’s Guide to Accounts Receivable and AR Collection

Collection Best PracticesBy troveworksOctober 14, 20211 Comment

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…

  • Contact Us
  • Blog
Footer

Copyright © 2021 TroveWorks - All Rights Reserved.

Go to Top