Anyone who has ever dealt with accounts receivable directly - or even tangentially - has heard of DSO. Even if you don’t know what it stands for (that’s days sales outstanding), you’re probably familiar enough to know that it’s important.

Late payments are going to happen. It’s a fact of business - and there’s only so much you can do to control it. What you can control, however, is how you respond to them.

With so many electronic payment options and new financial technology acronyms flying around every day it can be tricky to keep up. One question we hear frequently has to do with the difference between ACH and EFT as forms of payment. Let’s break it down.