Check Daily Sales Outstanding value for your business here

PayorCRM
PayorCRM
Aug 28, 2018 · 2 min read
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We made a nifty little calculator that would help business check the DSO value for their business

Try it here — http://www.payorcrm.com/dsocalc/

To use the calculator enter the following details

Total yearly gross sales : This is the total sales in the last one year for your business

Total no of working days : This field should contain the total no of working days in the last one year. Usually this would be around 260 days

Average Accounts Receivable Amount : This is the average total unpaid amount at any point during the last year. For simplicity you can take the total unpaid amount as of today in your accounting software .

What is a good DSO value ?

If the usual invoice payment term is “30 days “ , The expectation is that the DSO value for your business should be around 30 days.Any value above 45 days is considered usually high DSO. It basically means that your customers are using you as a short term loan provider

What if the DSO value for my business is very high ?

Automate your collections process by sending automated reminders with easy and fast payment options.Allow your customers to automatically pay invoices raised by you.

Send us a mail on solutions@payorcrm.com to understand how you can use payorCRM app to get paid faster :)

Try the app by visiting app.payorcm.com


Originally published at PayorCRM.

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