As the champagne fizz fades and the resolutions settle in, most businesses have their sights set on one key target: growth. But achieving that growth requires addressing the elephant in the room – outstanding receivables. Those lingering unpaid invoices can cast a long shadow on your P&L statement, hindering your ability to invest in the future and reach your full potential.
Here’s where Gilliam & Mikula comes in. We’re not just about recovering outstanding debt; we’re about empowering businesses like yours to unlock hidden potential and fuel your new year’s P&L success.
Debt Collection Services Will Improve Your P&L Statement
Turn Receivables into Revenue
Unpaid invoices are essentially trapped cash waiting to be freed. Our collection strategies, grounded in experience, concise communication, and professional expertise, help to release your frozen cash. The result? Faster recoveries, improved cash flow, and a tangible boost to your top line.
Optimize Days Sales Outstanding (DSO)
High DSOs are like an anchor on your financial statement. We’ll work with you to streamline your credit and collection processes, minimizing the time to turn services from invoices into cash. This means quicker access to funds for reinvestment, expansion, or simply breathing room – all of which translate directly into positive P&L outcomes.
Minimize Write-offs, Maximize Opportunities
Some debts may seem destined for the write-off graveyard. But through targeted strategies and experienced negotiation, we can often collect on even the most outstanding accounts. This translates to unexpected P&L wins!
Reduce Risk and Protect Your Future
Unmanaged receivables expose your business to potential financial turbulence. We help you mitigate risk by making sure those outstanding receivables turn into cash in hand. This proactive approach safeguards your cash flow and lays the foundation for long-term financial stability – an invaluable asset for any P&L.
Partner for Success, Not Just Recovery
We understand debt collection is sensitive. That’s why we prioritize open communication and collaboration, working alongside you to find solutions that benefit your business and debtors. This results in stronger relationships, improved customer retention, and a more sustainable P&L trajectory.
Contact Gilliam & Mikula to Improve 2024’s P&L Statement
Healthy cash flow is the goal in the game of business. And in 2024, we’re not just playing – we’re here to help you win. So, if you’re ready to unlock the potential in your outstanding receivables and watch your P&L score new highs, let’s get started.
Reach out to the team at Gilliam & Mikula today, and let’s turn your New Year’s resolutions into financial realities!
Gilliam & Mikula is centrally located in Richmond, Virginia, and serves clients throughout the Commonwealth of Virginia. Our attorneys have over forty years of combined experience in various practice areas, representing individuals and businesses. We are licensed to practice in all General District Courts and Circuit Courts of the state of Maryland and the Commonwealth of Virginia including Central, Tidewater, and Northern Virginia areas.
The attorneys at Gilliam & Mikula are here to smoothly guide you through the “legal maze” and ensure that you achieve the most favorable outcome.
The information provided on this website does not, and is not intended to, constitute legal advice; instead, all information, content, and materials available on this site are for general informational purposes only. Information on this website may not constitute the most up-to-date legal or other information.
