How can I fix a cash flow crunch from late accounts receivable payments?

[AdamHG]

I’m facing a serious cash crunch this quarter because I let our accounts receivable get completely out of hand. We have plenty of sales on the books, but the money just isn’t coming in, and now I’m scrambling to cover payroll. Has anyone else been this negligent with their payment terms and collection process?

[Michael42]

I have been there we had lots of signed orders but the money stayed stuck in the process and payroll got tight

[ScarlettM]

We did a quick aging review and started weekly calls with account managers to flag overdue invoices and we tightened terms for new customers

[Brian_H]

We tried small early payment discounts for a while and it moved a few payments a bit faster but not enough to fix the cycle

[Anthony.T]

The stress was real the office felt like a tightrope walk as we counted days until cash hits the bank

[JonathanW]

We discovered a drift in old invoices and chasing those took energy away from new work and it slowed everything

[Brandon96]

Do you think the real issue is the terms or the timing of the sales cycle