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To discuss accounts receivable, credit applications, credit terms, and how to collect when money is owed.
Speakers: Ryan Dietrich & Jessica Burnett, FinanceJack
Ryan Dietrich: Ryan is a 12-year veteran of the business world and brings a unique set of experience in finance, sales, and business development. After graduating from Cleveland State in 2006, he began his career in credit/collections at two large local banks, landing in high level leadership roles. After obtaining his MBA in 2012, he led the accounts receivable team at a large international aircraft corporation being in charge of $2B in open invoices. He and two business partners engaged in the start-up of Clutch Time Deliveries, a local Northeast Ohio based delivery business of wedding cakes, bakery items, groceries, and floral arrangements. Ryan has branched out to consult businesses as a traveling Controller, improving and developing the finance process including payroll, labor plans, bookkeeping, accounts receivable/payable process, reporting, and cost accounting. He has worked directly with several local small businesses under the name Finance Jack to increase profitability and has connected these businesses with resources in the community to improve the “back office”.
Jessica Burnett- Earlier in her career, founder Jessica Burnett worked with many small businesses who struggled to get good results from their bookkeeping and accounting function. Simple Keeping started in 2014 out of her belief that small businesses deserved more and that there had to be a better way. Jessica believed she could use her previous experience to help businesses get more out of their investment in bookkeeping and accounting. We continue to deliver accurate, reliable and insightful bookkeeping, accounting, and related services to individuals, and small businesses of all industries. "I love helping my clients get the most out of their business. I enjoy working closely with them and their team to make sure they have the tools they need to increase their profitability. My experience in a variety of industries allows me to successfully create the accounting system that works best for you."
-Why it is important to select credit terms.
-How to make collections calls.
-How accounts receivable affect cash flow.
-When to invoice your customer.