Is someone in the business responsible for getting invoices paid on time? ^*

No, its adhoc

Yes

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Do you have a standard process for issuing and following up on invoices? ^*

Yes, with follow up workflows and multi-step process

No, I send adhoc when they come up

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Are your invoices sent on time, clear and easy to understand ^*

No, I send adhoc from accounting defaults

Yes. with defined payment terms etc.

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Do you measure and track the success of your collections process - is your accounts receivable balance and debt age improving each month? ^*

Yes, I measure our DSO etc.

No, I'm flying blind

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Do you offer payment terms that are fair and reasonable that are clearly stated on every invoice? ^*

No, but we have them

Yes, our audit trail is bulletproof

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Do you provide your customers standard business terms and do they agree to them before work starts? ^*

Yes, otherwise we don't start work

No, but we send them eventually

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Do you send payment reminders and statements before and after the due date? ^*

No, just the default reminders from my accounting system

Yes, I send customer statements and invoice reminders

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Do you have up-to-date contact details for your clients (phone and email)? ^*

Yes, and I regularly update them in my system

No, just the email to send invoices too

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Do you call your customers if invoices are unpaid? ^*

Yes, always and on schedule

No, just when it comes up or gets very late

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Do you handle invoice queries and disputes? ^*

No, I just let them sit there (I don't like conflict)

Yes, I have a process and send to collections agency

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Do you make it easy to pay you by offering multiple payment options? ^*

Yes, I offer many

No, I prefer just bank deposits

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When payments arrive, do you mark the invoices as paid promptly? ^*

Yes, I reconcile and match payments within 1-2 days

No, I do my accounting adhoc

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Last step before we see your results ^*

First Name ^*

Email

Roughly how many invoices do you send per month? ^*

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0-4: Early Stage

You scored 0-4 points out of 12. You may have an ad-hoc or poorly defined receivables process. It's time to put some solid processes in place to ensure consistent, prompt payments.

You should consider using a dedicated tool like Paidnice, which can automate all of your accounts receivable tasks.

Try Paidnice - it's free for 30 days

5-10: Improvement Needed

You scored between 5-10 points out of 12. You're on the right track, but a few tweaks will significantly improve your collections process.

You should consider using a dedicated tool like Paidnice, which can automate all of your accounts receivable tasks.

Try Paidnice - it's free for 30 days

11-12: Great

Congratulations! You have a best-practice receivables process. But there's always room for optimization and automation.

You should consider using a dedicated tool like Paidnice, which can automate all of your accounts receivable tasks.

Try Paidnice - it's free for 30 days

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Take the 12-Point AR Test

0-4: Early Stage

5-10: Improvement Needed

11-12: Great