This one weird trick can increase the percentage of invoices that are paid on time by more than 5%. And it's really simple: Say please and thank you.
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How To Calculate Your Days Sales Outstanding (DSO)
Days Sales Outstanding, or DSO for short, is one of the most useful barometers to understanding a business’s financial health. If you’re new to DSO, read on to understand how it works and what it means for your business. And if you’re already a pro at calculating DSO (you are, right?), consider this a helpful refresher.