Today, we opened a bottle of bubbly in our home office as we toasted the 1,000th Unpaid customer! Less than four years after we founded Unpaid, a thousand companies already rely on us to collect their unpaid invoices.
Days Sales Outstanding (DSO) is one of the most widely used measuring tools in receivables management. In plain language, the DSO ratio indicates how long you must wait, on average, for a payment. Find out in this article how to calculate your DSO and how monitoring this parameter can improve your business.
An unpaid invoice?
Calculate here how much additional turnover you must generate to compensate for it.
The gross margin basically is the difference between the total income of the company (the turnover) and the costs paid to realise that operating income. In many cases (such as in this calculator) this margin is expressed in a percentage. In order to obtain this percentage, you divide the difference by the turnover.
Do you have General Terms and Conditions? No? It is nevertheless an important document. The General Terms and Conditions determine the rules that will be applied in the event of discussions about delivered performances or invoiced goods. In other words: Good General Terms and Conditions ensure for you to have a stronger position in case of a dispute.