Store-Credit Tracking in the Optical Sector: The 5 Most Common Mistakes
5 mistakes to avoid when moving from ledger-based store credit to a digital account-balance system.
Mistake 1: Not separating store credit from sales
When a store-credit sale is made, there's no cash inflow; only the customer's debt increases. Recording the sale as if it were cash inflates revenue and creates a cash shortfall. The right software automatically reflects a store-credit sale in the account balance.
Mistake 2: Not tracking partial collections
When a customer pays 200₺ of a 500₺ debt, the remaining 300₺ must be updated. Partial payments get muddled in ledger systems. A digital account balance deducts every collection instantly.
Mistake 3: Not knowing your receivables aging
Receivables older than 90 days are debts that are hard to collect. Seeing total customer receivables in the accounting summary isn't enough; you need to know which customer has owed money and for how long.
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