Days Sales Outstanding (DSO) is an important metric to monitor in companies of all sizes throughout every industry. DSO measures the average age of accounts receivable for your organization. If your average is trending higher, then your business is more likely to struggle with cash flow. As we know, cash is always considered to be “king” and is critical to an organization’s survival. In many cases, improving cash flow is as simple as making small changes to the collections process, but the Accounts Receivable Professional should be aware of strategies for reducing the Days Sales Outstanding (DSO) average as an important method for improving cash flow. This workshop will provide a “blueprint” to enable you to “ramp up” your collection cycle and have an immediate positive impact on your DSO. The instructor will discuss three critical tools - “Six Strategies to Reduce Your DSO,” “15 Reasons to Turn Your Account Over to a Collections Agency,” and “17 Steps to Reduce Outstanding Accounts Receivables.”

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CPAacademy.org (Sponsor Id#: 111889) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

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