Finance: How Can I Reduce My Accounts Receivable

In this episode, Grunder Landscaping VP Vince Torchia delves into different ways to help you reduce your “days outstanding” in relation to A/R (accounts receivable). 

Collecting payment for work you've done is a critical part of maintaining strong cash flow at your landscaping company. Tune in to hear simple strategies companies can use to collect payments from clients promptly.

Discussion Points:

• Collections are slowing in general
• Calculating A/R “days outstanding”
• Automation can help - credit cards and ACH’s
• Building in credit card fees, discounts for cash
• Providing a portal for customers to pay through
• Assigning A/R responsibility to one person within the company
• Setting up the process so everyone is aware
• Recap 

The Grow Show podcast is sponsored by STIHL and brought to you by The Grow Group - a leading coaching and education firm for landscape professionals. Your host is Marty Grunder, president and CEO of The Grow Group and Grunder Landscaping Co., one of the most successful design-build operations of its kind in the Midwest. The Grow Show shares ideas, tips, tactics, and insights that will help you grow your landscaping business.

Resources:

GROW! Conference Feb 2024

The Grow Group

Grunder Landscaping

Vincent Torchia LinkedIn

Marty Grunder LinkedIn

Stihl