finance-and-accounting

What is Accounts Receivable Turnover Ratio?
What is Accounts Receivable Turnover Ratio? Companies that maintain accounts receivables are essentially providing interest-free loans to their clients - accounts receivable is money owed …
Understanding Bad Debt
Understanding Bad Debt A bad debt is an amount which has been written off by the business as a loss, and categorized as an expense, because the debt owed to the business …
How to Deal with Risk Assessments in Accounts Receivables
How to Deal with Risk Assessments in Accounts Receivables The two most critical elements to your business health are your customers, and your cash flow.  When one or both of these get off-track, your …
What is Creditworthiness?
What is Creditworthiness? Creditworthiness is the evaluation of a borrower’s ability, and desire, to pay. It is one of the factors used when businesses and lending …
What’s next for your business? COVID-19: Three steps to take today for cash flow and operational efficiency.
What’s next for your business? COVID-19: Three steps to take today for cash flow and operational efficiency. Four months ago, we explored how Covid-19 impacted our teams and our businesses with the stay-at-home orders, and discussed ways to make this new …
The World of Remittance
The World of Remittance If you are a global company, or one that does business with global companies, then “remittance” is a term you should know.
What is a Doubtful Account?
What is a Doubtful Account? A doubtful account or doubtful debt is an account receivable that might become a bad debt at some point in the future. If customers purchase on …
What’s the Big Deal about a Purchase Order?
What’s the Big Deal about a Purchase Order? Purchase orders (POs) seem like simple things, but when you consider it, they play an important role in the purchasing process. POs are legally …