If you’re looking at your aged accounts receivables in one hand while holding a stack of invoices that are returned mail in the other there may be hope. There is service called “skip tracer”. All Business tells us that for $50 you run a skip trace on the non-paying client who has “skipped town” to collect what’s owed to you. You can find it under skip tracing or private investigations in the Yellow Pages or on-line.
Also from All Business, Sam Thacker, the business finance guy did a great post on cash flow forecasting. If you aren’t doing it you need to be and he offers a free downloadable excel worksheet to help you.
