Tag Archives: Day Sales Outstanding

How Does Your Finance Function Stack Up? 4 Indispensable Metrics

Ask the CEO or CFO of any small or midsize business if there are ways they could improve their finance function, and chances are you’ll hear something like: “We run pretty lean.”
Look around the offices of the finance department, and you’ll find plenty of evidence to back that up. Everyone is busy, no question, and [...]

Day Sales Outstanding – Ignore it at your own risk

One of the critical keys to managing your company’s receivables is to measure and control your Day Sales Outstanding, the average number of days your company takes to collect sales revenue. Treat a high DSO number as a red flag — it means you’re taking too long to collect revenue and extending credit to customers [...]