We’re the three-person team behind every ‘ezyCollect’ byline—fuelled by coffee and an odd knack for making invoices and spreadsheets feel a little less tedious. If you catch yourself pausing over an article on receivables, that’s entirely our doing.
A few landmark cases in Australian courts have highlighted the importance of following debt collection guidelines when recovering overdue cash from debtors. Thanks to high profile cases like these, debt collection practices have improved. They serve as good reminders of what not to do.
DSO, or Days Sales Outstanding, is the average number of days it takes for a company to collect cash payment from a credit sale. When a company sells on credit, it allows its customers to pay in cash at a later date. The average time to pay for a given period is the...