Posted by AngelinaAZ on 5/14/06 1:12am
Msg #119752

Maximum A/R for Signing Services?

Does anyone put an A/R limit on companies even if they have a good payment history? In my rural area I rarely get more than 5-7 signings from any one company in a month. If a company has a good payment history I rarely worry about an A/R cap and I do not like to refuse business from my regulars... I want them to ONLY call me if at all possible. When the Closing Team lost their big account I was stuck with an A/R of $1300. I wish I had not let it get so high but it was within a 2 week period of time. Do any of you refuse biz when A/R's get high? Does it hurt your business? (The way I am thinking now is that a little refused business can't hurt as much as $1300 but I don't know if I am getting a little jaded with all SS's.)

Reply by Lisa Prestegard on 5/14/06 9:05am
Msg #119774

After getting stung by my first SS, I put my A/R cap at $500 for SS and $2000 for TCs.
Personal choice, mind you... I just decided that those amounts were within my comfort level to take a bite on if the SS or TC disappears overnight.
There are a couple of TC's that have no cap because I know I'll get paid. And it doesn't take many assignments at EOM from my favorite TCs to reach a $2K cap.