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When late payments haunt your balance sheet

Hunting down late payments is a headache for any corporate, but some internal control policies may help ease the pain.
When late payments haunt your balance sheet

American businessman Chris Chocola famously said: “One of the earliest lessons I learned in business was that balance sheets and income statements are fiction; cash flow is reality.” His remark points to the most prized day-to-day metric of any corporate treasurer: ready currency.

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