My Accounts Receivables are high and my clients are slow payers. Is there anyway PowerLaw can help with this?
Possibly. Within the Client/Matter setup in Billing Methods there is an option to enter early payment discounts. You have the ability to offer clients percent discounts if they pay you within specified days from the date of the bill. You have full control over this option and at the time of the Cash Receipt the system will identify whether the client met the deadline. You can accept the discount or not. The discount is then treated as an accounts receivable write-off.
