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Bad debt can significantly impact a company's financial health, but the root causes often extend beyond customer insolvency. Are inefficiencies within your own accounting processes contributing to the problem? By proactively optimizing your receivables function, you can reduce bad debt, improve cash flow and enhance your company's overall financial performance. Our video clip below provides a closer look at each strategy, offering valuable insights to help you streamline your collections process and minimize financial losses. Don't let inefficient processes hold you back. Click the link for the full video and access our additional accounting and bookkeeping basics playlist on YouTube: https://lnkd.in/g6aNjT3E #accounting #accountingandbookkeeping #accountants #finance #financialanalysis

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