Plan for a Clean Slate in the New Year
The middle of December is a strange time for business. The emails slow down, the phone stops ringing, and for many, it’s the only quiet time of the year to actually think. Stop chasing last-minute payments from unavailable clients. Use this downtime to assess your processes. If you want a clean slate in 2026, create […]
A 2026 Guide to In-House Debt Collection: 4 Strategies for Success
With 2026 only a month or so away, it’s not too early to make some resolutions. This year, resolve to do more business… and collect more balances than ever before. As always, we’re here to help with that! For any successful business, managing accounts receivable is a critical function. Inevitably, you will encounter clients with […]
Q4 is a Critical Time to Address Past-Due Accounts
As the fourth quarter gets underway, businesses across Virginia are shifting their focus to year-end reporting, tax planning, and budgeting for a successful 2026. This is a critical time for financial housekeeping. Yet, one item is often left unaddressed until it’s too late: aging accounts receivable. Outstanding invoices from past quarters don’t just represent delayed […]
Is Your Business Debt Recoverable?
No doubts about it – running a business is hard, arduous work – and one of the hardest parts is trying to collect unpaid or delinquent debt from partners, clients and customers. Your time is valuable, and every hour you spend chasing down unpaid debt is an hour you’re not spending making money. So while […]
6 Debt Collection Tips for Small Businesses
With millions of Americans expecting to miss a credit card payment this year, it should be no surprise that people fail to pay other bills as well. For small business owners, customers failing to pay you can be catastrophic for your company. It can result in you being unable to pay your bills and even your […]
More Revenue, Simpler Workflow for Virginia’s Clerks of Court
As Clerks of the Court in Virginia, your office is the operational hub of our justice system. You manage many critical responsibilities, and we at Gilliam & Mikula recognize that your time and resources are precious. While crucial, collecting outstanding court fines, costs, and restitution can often add a significant administrative layer to your already […]
Regain Control of Your Cash Flow: Why Outsourcing Debt Collection is a Smart Business Move
In the business world, cash flow is the lifeblood that keeps operations running smoothly. However, when faced with unpaid debts, businesses often struggle to maintain a healthy cash flow, leading to increased stress, strained resources, and potential financial setbacks. This is where outsourcing debt collection to a professional debt collection agency emerges as a strategic […]
Prevent Late Payments: Clear Contracts & Policies for Home Services in Richmond
Running a home services business in Richmond, VA, is rewarding, but dealing with late payments can be a major headache. Chasing down invoices not only eats into your profits but also strains client relationships. Fortunately, there are proactive steps you can take to minimize late payments and ensure a smoother financial flow. The key? Clear […]
What to Look for When Hiring a Debt Collection Attorney
If your business has begun to pile up past-due debts, it’s time to consider hiring a debt collection attorney. Retaining the services of a debt collection attorney’s agency is a good option if you have tried to collect the debt yourself and have yet to be successful. However, it is vital to choose the right […]
Technology is Transforming Debt Collection for Richmond Home Services
Debt collection is an essential part of running a successful business, especially in the home services industry, where projects often involve significant upfront costs. However, traditional debt collection methods can be time-consuming, inefficient, and even damage customer relationships. Fortunately, technology is transforming the debt collection process entirely! Here at Gilliam & Mikula, we understand the […]