finance-and-accounting

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 …
Three Ways to Use Automation and Machine Learning to Resolve Disputes and Increase Cash Flow
Three Ways to Use Automation and Machine Learning to Resolve Disputes and Increase Cash Flow When an invoice or purchase order is in dispute, it puts the payment at risk. With the payment at risk, several factors are now potentially impacted:
What is Average Days Delinquent?
What is Average Days Delinquent? Average days delinquent (ADD) is the average day’s invoices are past due, the amount of time between invoice due date and the date it is paid. This …
Not All Aged Out Invoices Should Become Bad Debt
Not All Aged Out Invoices Should Become Bad Debt What happens when invoices go past 90 days unpaid? How about 120 days?  When invoices age past 90 days, it is a sign that this customer requires your …
Bending Your Credit Policy to Gain a Customer
Bending Your Credit Policy to Gain a Customer At one time or another, nearly every business owner has come across this issue: should you modify your company’s credit policy in order to gain – or …