Topic: Credit control & accounts receivables (3)
Outstanding receivables: How long is too long for AR to remain unpaid?
In the realm of business transactions, accounts receivable (AR) play a pivotal role in maintaining financial...
Account receivables discounting: Meaning and how it works
Account receivables discounting, also known as invoice discounting or factoring, is a financial transaction...
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How to use the Average Collection Period formula to reduce Days Sales Outstanding
The Average Collection Period (ACP), also known as Days Sales Outstanding (DSO), can be calculated using the...
What is a soft credit check? Soft pull vs hard pull
When applying for a business loan or credit card, you may encounter two types of credit checks: soft pulls...
Business credit scores: what they are & where to get yours
A business credit score is a numerical representation of a company’s creditworthiness and financial...
How to ask for payment professionally: email, phone, text and letter templates
Asking for payment is one of the most common challenges in business.
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...
Debtor vs creditor: What's the difference and how to manage both
Are you constantly juggling invoices, chasing overdue payments, and struggling to maintain a healthy cash...
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:
Is accounts receivable an asset?
Accounts receivable is a critical component of many businesses' financial statements. It represents the money...
What are accounts receivable vs accounts payable?
In the world of finance, two crucial concepts that play a significant role in managing a company's cash flow...