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...
Accounts receivable factoring: How it works & its impact on cash flow
Here’s a familiar scenario:
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...
Payment reminder email: Get paid without hurting relationships
87% of businesses struggle with late invoiced payments. But, companies that get their money faster use a...
7 tips to collect unpaid invoices from customers
Are you tired of the silent treatment after sending multiple emails and leaving voicemails for overdue...
What is bank reconciliation? Guide to accurate books and finance
Bank reconciliation is an essential process for your business. Get it right, and you’re well on your way to...
Accounts receivable management: 5 tips to improve your AR process
If your Days Sales Outstanding (DSO) is rising and cash conversion is slow, it's time to investigate. For...
What is accounts receivable (AR) financing?
Cash flow is the lifeblood of any business and, to ensure liquidity, businesses often need to borrow over the...
What is a promissory note?
A promissory note is a written agreement between a lender and a borrower that sets out the terms of a loan.