Your Virtual Credit Manager
SEPTEMBER 12, 2023
Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Credit evaluations, however, often take time. YVCM was launched in 2021 and continues to grow. Offer ends 9/30/23.
truly financial
FEBRUARY 16, 2022
You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. The good news is that the majority of the expenses you’re incurring for your business are likely tax-deductible. These are tax-deductible.
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Due
APRIL 11, 2023
In 2021, the gross tax collected by the IRS amounted to $4.1 When considering the permitted deductions, bad advice would be available in plenty. For instance, a taxpayer might consider casual new clothes as deductible. However, you must note that new clothes are tax deductible only when you wear them for a job.
Due
MAY 4, 2023
Rowe Price’s Retirement Savings and Spending Study (2021) , retirees’ top three spending concerns are the following — in order of importance: Paying for long-term care The cost of health insurance Out-of-pocket health care costs According to some of the leading experts, retirement healthcare costs will be astronomical.
Due
APRIL 10, 2023
According to debt.org , “21% of single people had credit card debt, [compared to] 27% of married couples without children and 36% of married couples with children.” There is no need to worry about the credit situation of a partner. There is no need to worry or stress about another’s credit history when you are single.
Your Virtual Credit Manager
AUGUST 29, 2023
Effective collections are crucial to maintaining a healthy cash flow and the financial stability of your company. If your business is struggling with cash flow or AR balances are growing, it could be a sign that your collections policy requires updating. There are a myriad of issues that can affect collections.
Your Virtual Credit Manager
JUNE 13, 2023
Open Credit Terms dominate the Business-to-Business (B2B) marketplace. Photo by Jamie Street on Unsplash There are two types of credit risk that arise from selling on open credit terms: Customers paying beyond terms (past due) reduce your cash flow. Credit availability is shrinking. it just might help them pay you sooner!
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