Accounts receivable are all the outstanding invoices your customers owe you. Turnover is crucial to understand how fast can a business collect cash which in turn affects two of the most important (and largest) business assets: accounts receivable and inventory. A business can also have inventory turnover and turnover of employees. It is often used as a synonym for revenue. This will motivate them and give their labor significance.Turnover (of assets) - sales of the company within a given period, usually a month or a year. Show your gratitude by sending timely promotions, thank you cards, or a simple thank you for an email.
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