Quarter-End Crunch? 5 Steps to Speed Up Collections

Time is running out—here’s what you or your team should be doing right now.

Who else feels like Q1 has absolutely been a blur? I know I feel that it’s went by too fast and so much still needs accomplished. As we approach quarter-end, financial leaders are turning their focus to one of the most critical aspects of cash flow management: accounts receivable. Ensuring timely collections isn’t just about your team chasing overdue invoices—it’s about maintaining a healthy cash position that supports business operations, growth, and stability.

Everyone’s situation may be different, but the approach of collecting is fairly similar across the board for most. Here’s some things we need to make sure you are doing NOW if you want this area of your business to do well.

At Guernsey Consulting LLC, we’ve seen firsthand how businesses that take a proactive approach to receivables management are better positioned for financial success. Every business I’ve worked with is either doing part or all of the below after working with me. This isn’t an all-inclusive listing, but something that will 100% help you.

As the quarter wraps up, here’s what you and your team should be doing right now to optimize cash flow and reduce outstanding receivables.

1. Get Ahead of Late Payments

One of the biggest mistakes businesses make is waiting until invoices are overdue to take action. Why would you wait until it’s costing you $$ to ask about invoices owed to you?

Your team should be:

  • Reviewing all outstanding invoices: Identify accounts that are nearing due dates and those that are already past due.

  • Sending reminders early: A friendly, professional reminder before an invoice is due can significantly increase on-time payments.

  • Following up consistently: For invoices that are overdue, persistence is key. Regular follow-ups show that you take payment terms seriously.

2. Ensure Clear Communication & Engagement

How your team interacts with clients regarding payments can make a significant difference in collections. The key is to strike a balance between professionalism and firmness.

  • Use a structured process: Have a clear escalation plan—from gentle email reminders to more direct phone calls and, if necessary, legal action.

  • Leverage technology: Automated invoicing and payment reminders help maintain regular communication without overwhelming your team.

  • Personalize interactions: If a long-time client is late on payment, a personal call can be more effective than an automated notice.

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3. Tighten Up Credit & Payment Terms

If late payments are a recurring issue, now is the time to reevaluate your payment policies and find a better solution to being paid.

Consider the following:

  • Requiring deposits for large projects to mitigate risk. 50% down…

  • Shortening payment terms from Net 60 to Net 30 (or even Net 15).

  • Offering incentives for early payment, such as small discounts.

4. Strengthen Your Collections Strategy

For overdue invoices, a structured approach to collections is essential. Your strategy should include:

  • Segmenting delinquent accounts: Identify which clients consistently pay late and adjust credit terms accordingly. ADP (average days to pay) is helpful here!

  • Working with a professional consultant: A financial consultant like Guernsey Consulting LLC can help structure an efficient and effective collections process that improves cash flow without damaging customer relationships.

  • Considering third-party collections: If internal efforts fail, outsourcing to a collections agency or legal recourse may be necessary.

5. Take Action Now with Guernsey Consulting LLC

Managing receivables effectively requires time, expertise, and a proactive approach—especially as the quarter closes. If your team is struggling with outstanding invoices, inconsistent follow-ups, or an inefficient collections strategy, we’re here to help.

At Guernsey Consulting LLC, we specialize in cash flow optimization and receivables management. How can I help you?


✅ Implement best practices for faster payments
✅ Streamline your collections process
✅ Improve client communication strategies
✅ Reduce outstanding receivables and boost liquidity
✅ Directly manage your full AR process for you (start to finish)

Let’s ensure your business enters the next quarter with stronger cash flow and fewer outstanding invoices. Contact us today for a consultation about managing this for you and take control of your receivables before it’s too late!

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