Segregation of accounts (e.g., individual consumers vs. small businesses).
Breakdown of payments received via cash, check, card, or wire transfer.
Business-in-a-Box offers specialized Collection Report Templates including follow-up letters and history for delinquent accounts.
Adherence to standards like those set by the FTC regarding debt collection activities.
Proposed adjustments to collection strategies for the upcoming fiscal cycle. Identified bottlenecks in the 2021 reporting process.
A Daily Collections Ledger is useful for recording client names, amounts due, and payment methods in real-time.