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Fisker’s financial future takes a spin after automaker pulls out of share talks

Due

Fisker, the California-based automotive electric vehicle (EV) start-up, has encountered a twist in its finance share saga. An unnamed automotive company has stepped out of major share talks, leaving the company’s future unknown. Fisker’s share talks collapse Fisker’s Newsroom released a statement last week , stating the company “is in continuing negotiations with a large automaker for a potential transaction to develop EV platforms and to manufacture in the US.

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Mastering Cash Reconciliation: Process, Best Practices, and Automation Tips

Accounting Department

Balancing the books in any retail enterprise can be a nerve-wracking task. For small business owners and retail managers, ensuring that cash in the register matches the sales receipts is not just about maintaining financial accuracy – it's the linchpin of trust in your business and a crucial safeguard against fraud or operational errors. This comprehensive guide takes you through the intricate yet critical process of cash reconciliation, offering you a clear path to financial vigilance, operatio

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Is Your Small Business Profit Margin Good?

Lendio

Quick—when was the last time you calculated your business’s profit margin? If you answered “Last week,” excellent! And if you don’t remember, you’re probably way overdue. But were your numbers good or bad? Every company is unique, so the yardstick you measure your profit margins against isn’t the same one your neighbor uses. What’s considered a “good” range varies across industries—restaurants average a slim 6–8 %, whereas the advertising and public relations industry averages

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The value of fair value: Credit union merger accounting requires a strong partner

Abrigo

Find the right support for your credit union merger Consider the benefits of a third-party fair value specialist to smooth the credit union merger accounting process. You might also like this webinar, "Valuation and purchase accounting: Navigating the changing M&A landscape." Watch NOW Takeaway 1 Fair value specialists bring expertise to ensure accuracy, transparency, and adherence to accounting and regulatory standards during the merger process.

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Get Paid Faster With These Six Credit Management Tricks

Credit Management Group UK

Getting paid on time is an ideal situation for any business that offers credit to their customers; but unfortunately this is not the case for many businesses throughout the UK. Late payment can, at times, be done in all innocence but others will provide spurious excuses as to why you have not received payment, or just completely ignore you. Late payment from customers may seem like it is unavoidable, and it will be at times, but using small, simple tricks can make a massive difference.

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Social Media Strategies for Business Growth in the Digital World | Beyond the Books Podcast by AccountingDepartment.com

Accounting Department

We are thrilled to announce that Episode 15 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Switching accountant – you can kiss a lot of frogs

blue dot counseling

A bad accountant is like a KGB sleeper agent. Causes a lot of trouble and you don't know about it until it's too late! The post Switching accountant – you can kiss a lot of frogs appeared first on Blue Dot Consulting.

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A Definitive Guide to Funding Your eCommerce Business

biz2credit

In this article: How the eCommerce business model works Debt financing options for eCommerce businesses Alternative financing options for eCommerce businesses Equity financing options for eCommerce businesses How Biz2Credit helps eCommerce brands get funding The eCommerce industry has seen unprecedented growth over the last few years. And as experienced during the COVID-19 pandemic, more … Continue reading "A Definitive Guide to Funding Your eCommerce Business" The post A Definitiv

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Will Altice France’s Shareholder, Drahi, Risk Losing Equity

Reorg Blog

Altice France could use the relatively new French restructuring tools to implement a debt impairment to its capital structure if a consensual deal cannot be reached, however, features of the Accelerated Safeguard (AS) process mean that majority shareholder Patrick Drahi could risk losing his equity stake.

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Exploring the importance of originality

Due

In a world where imitation is often seen as the highest form of flattery, the question “Am I original?” is one that resonates with many. This question is not just a mere reflection of self-doubt but a profound inquiry into the essence of one’s identity and authenticity. This article delves into originality, its importance, and how it shapes our personal and professional lives.

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Aryza Strengthens Legal & Insolvency Division with Key Appointments

Collenda

Aryza Strengthens Legal & Insolvency Division with Key Appointments Aryza Group, a leading provider of financial software solutions, has announced significant advancements within its Legal & Insolvency division with the appointment of three key leaders to strategic roles. Elliott Green assumes the role of Head of UK, Legal & Insolvency, taking on full responsibility for the division’s UK profit and loss management.

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6 steps to maximize and secure your techs tack

Plooto

In today's rapidly evolving digital landscape, new technology is helping even the smallest businesses play big. But without an internal team to help narrow down the many options, it might be a challenge to understand what’s available, how integration with your current systems will work, and how your chosen solution provides security for you and your customers.

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H&H’s 7.5% CNH Bond Pricing Slightly Below Swapped Due’26s

Reorg Blog

HKEX-listed nutrition and supplements company Health & Happiness (H&H) International Holdings Ltd., or H&H, announced a pricing of 7.5% for its CNH 500 mn ($70 mn) bond due 2027, or CNH 500M Due’27s.

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Maximizing Financial Operations with Outsourced FP&A

Accounting Department

This comprehensive guide illuminates the value proposition that outsourcing Financial Planning and Analysis can offer to small and medium-sized businesses.

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Do You Need Credit Even After You Retire?

Due

After decades of work, you may be ready to put your credit profile to rest. Who needs credit after they retire? You do—you need credit even after you retire. There are multiple reasons, and we will discuss them right here. Why Credit is Important, Ever For starters, let us go back a couple of years (not much more than that, right?) to your teenage years.

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Invoice dispute management: How to protect your receivables | Chaser

Chaser

Disputes in accounts receivable processes pose significant challenges for businesses. They consume valuable time, impact financial performance, and tarnish customer experiences. With 55% of AR professionals citing dispute management as their toughest task , it's evident that effective dispute resolution is crucial for maintaining financial health and customer satisfaction.

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Did you know that a business can be wound up “in the public interest” ?

Cpcmcredit Blog

You learn something every day… “The process by which a company is wound up in the public interest rather than because it is insolvent. A petition for a company to be wound up in the public interest may be presented by the Secretary of State if he considers that it would be expedient in the public interest for the company to be wound up. The applicable test for the court is whether it would be just and equitable to wind up the company.

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Covenant Analysis: Altice France Has Significant Investment Capacity to Designate Unrestricted Subsidiaries; Sale Proceeds of Such Unrestricted Subsidiaries Not Subject to Bond Covenants

Reorg Blog

The post Covenant Analysis: Altice France Has Significant Investment Capacity to Designate Unrestricted Subsidiaries; Sale Proceeds of Such Unrestricted Subsidiaries Not Subject to Bond Covenants appeared first on Reorg.

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3 Levers to Pull to Drive Working Capital Improvement

lsq

In this playbook, learn how data, technology and new ways of using credit can help you balance these demands. When it comes to timing payments, buyers and suppliers have very different needs. Buyers need to effectively manage working capital, so they hold on to their funds as long as possible. But from a supplier’s perspective, the sooner payment comes, the better.

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Decoding the S&P 500’s current standing

Due

The S&P 500, a stock market index that measures the stock performance of 500 large companies listed on stock exchanges in the United States, is currently trading at all-time highs. This has led to a common perception that stocks are super expensive. However, it’s crucial to understand that not all stocks are costly, and there are still opportunities for investors to uncover value in the market.

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5 emerging trends to future-proof your accounting firm

Plooto

The future of accounting is coming fast, as firms race to integrate new technologies into their practices. In fact, a staggering 96% of accountants believe that automation will be vital to their future growth and success. Emerging trends such as cloud-based accounting, machine learning, blockchain, robotic process automation (RPA), and enhanced client-centric services are fundamentally altering the landscape.

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Do HMRC and the Government care about the self employed?

Cpcmcredit Blog

When initially considering self employment I was greatly inspired by the Businesslike events proposed and sponsored by Gordon Browns administration. I often believe if it wasn’t for a couple of excellent presentations, I might not have taken the course I did. I certainly have no regrets. Far from it Businesslink had its faults for sure but the intent was clear.

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Hilong Selects Admiralty Harbour for Bond Extension Talks

Reorg Blog

Hilong Holding has selected Admiralty Harbour to advise on a further extension of offshore debt maturities, including outstanding restructured $314 million, 9.75% due Nov. 18 notes, according to two sources familiar with the matter.

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A Guide to Effective Budgeting and Forecasting for Small Businesses

biz2credit

In this article: Why your business needs budgeting and forecasting A comprehensive guide to effective budgeting and forecasting for your business Effective budgeting and forecasting for a sustainable business If you find yourself staring at your books, scratching your head, and wondering where all your hard-earned capital went, it’s more than just a moment of … Continue reading "A Guide to Effective Budgeting and Forecasting for Small Businesses" The post A Guide to Effective Budgeti

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Understanding and overcoming judgment fear

Due

One of the most profound regrets that individuals express at the end of their lives is not having had the courage to live the life they truly desired rather than the life others expected of them. This regret is a poignant reminder of the power of societal expectations and the fear of judgment in shaping our lives. It raises a critical question: why would someone spend their entire life not living for themselves?

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2024 Woman-Owned Business Statistics

Lendio

For decades now, it’s been a game of catch-up for women in business—and they’ve gained a lot of ground. From 2019 to 2023, the number of new women-owned businesses grew at nearly double the rate of businesses owned by men. But the struggle is far from over. The statistics on women-owned businesses below highlight just how far women have come and the disparities we’ve yet to overcome.

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Shopify vs Amazon: Which is Best for Ecommerce Sellers?

NorthOne

The world of e-commerce is booming, with more entrepreneurs than ever launching their online businesses. But choosing the right platform to build your online store can be overwhelming. Two popular. The post Shopify vs Amazon: Which is Best for Ecommerce Sellers? appeared first on NorthOne Blog.

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Court Opinion Review: Yellow, Terraform and McDermott International

Reorg Blog

This Court Opinion Review considers the dispute over who will resolve the Yellow pension claims, objections to an unusual retainer arrangement in Terraform and some dry wit from a U.K. judge in McDermott International.

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Delayed Dollars: The Impact of Late Payments on Growing Oil & Gas Companies

FundThrough

The North American oil and gas sector is on the brink of significant growth, with forecasts showing an increase in activity and investments, marking a period of opportunity. Goldman Sachs Research highlights a 25% increase in major projects since 2020. Yet, despite this positive outlook, small oil and gas companies are encountering a range of critical […] The post Delayed Dollars: The Impact of Late Payments on Growing Oil & Gas Companies appeared first on FundThrough.

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The 15 Best Books on Tax Planning

Due

Taxes. Even the most organized of individuals feel shivers when they hear the word. However, if you have the proper knowledge and guidance, you can navigate the complexities of tax planning smoothly and effectively. This blog post reviews the top 15 books on tax planning to help you optimize your tax situation, minimize your tax burden, and achieve your financial goals.

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The role of customer education in preventing late payments

Chaser

In the unpredictable world of business, cash flow management stands as the sturdy compass that navigates a company's financial destiny. Data shows that late payments are a growing problem for businesses worldwide. They've become a constant issue, not just a once-in-a-while problem. This affects how companies operate, make money, and have the chance to create new things and grow.

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Debt Awareness Week: Navigating the Complexities of Debt to Achieve Financial Well-being 

Collenda

Debt Awareness Week: Navigating the Complexities of Debt to Achieve Financial Well-being Debt challenges surpass mere financial implications, often impacting individuals’ mental health and straining interpersonal relationships. While certain events like job loss can precipitate financial strain, the ongoing cost-of-living crisis has exacerbated the prevalence of debt.

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Lippo Karawaci Q4’23 Revenue IDR 4.5T, Up 7% YoY, EBITDA IDR 1.1T

Reorg Blog

Indonesian property and healthcare conglomerate PT Lippo Karawaci Tbk, or LPKR, announced its audited financial results for 2023 to the Indonesia Stock Exchange today.

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Tax relief is fine – but don’t put the tax cart before the business horse

blue dot counseling

It also reminded me that it can be daft to make decisions primarily for tax reasons. Putting the tax cart in front of the business horse is the wrong way to run a business. The post Tax relief is fine – but don’t put the tax cart before the business horse appeared first on Blue Dot Consulting.

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