Articles by Amaya Woods
Early payment discount: what is it & how and when to use it?
In today's fast-paced business environment, managing cash flow effectively is crucial for maintaining...
What is a write off & how companies use it
Navigating the world of finance can often feel like entering a complex maze of terminologies. One such term...
What is an accounts receivable aging report?
What is AR aging? An accounts receivable aging report summarizes the age of outstanding invoices and provides...
Fair debt collection practices act (FDCPA): definition and rules
The Fair Debt Collection Practices Act (FDCPA) are the federal collection agency laws that protects consumers...
What is an accounts receivable journal entry? Quick guide
An accounts receivable journal entry is a critical component of the accounting process for businesses that...
What is accounts receivable factoring? Examples & benefits
Accounts receivable factoring is a financial transaction where a business sells its outstanding accounts...
What is accounts receivable insurance and how does it work?
Navigating the financial aspects of a business can be challenging, particularly when dealing with unpaid...
What is the accounts receivable turnover ratio?
The accounts receivable turnover ratio is a financial ratio that measures how efficiently a company collects...
5 overdue payment reminder text message templates
In today's fast-paced business environment, it's essential to have effective strategies in place for managing...
8 payment reminder emails to get you paid faster
The sad fact is that87% of businesses report that their invoices get paid after the due date. This late...
5 ways to get clients to pay outstanding invoices
At a time when60 percent of all invoices issued are paid late, proactively chasing overdue payments has...
What is bank reconciliation? Overview & quick guide
Bank reconciliation is the process of comparing your bank statement with your own records to ensure that they...