FundThrough

MAY 8, 2024

For companies facing the challenge of maintaining a robust cash flow, deciding on the right lending partner and/or financial solution is key. […] The post How to Choose Between Accounts Receivable Factoring and Financing: Key Considerations appeared first on FundThrough.

Small Businesses 52

Small Businesses 52

Your Virtual Credit Manager

SEPTEMBER 27, 2022

Photo by LinkedIn Sales Solutions on Unsplash When your Quotations do not address all of the key elements of a business “deal,” or when they do not agree with the details laid out in your customer’s Purchase Order (PO), Quotations can be at the root of many of your Accounts Receivable (AR) ills.

Accounts Receivable (AR) 130

Accounts Receivable (AR) 130

Chaser

OCTOBER 16, 2023

These outstanding amounts in business are known as Accounts Receivable. Does your accounts receivable process need an overhaul? Chaser's experts have collated the not-so-secret information on what smart companies do to manage their accounts receivables process. Do you have one that works for you?

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Bad Debt Small Businesses Debt Collections 98

Chaser

JULY 21, 2023

In an increasingly data-driven business landscape, tracking the right KPIs for your accounts receivable team's performance is an essential assignment that will ultimately influence your bottom line. What are accounts receivables KPIs?

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Your Virtual Credit Manager

OCTOBER 3, 2023

There is another bad debt threat to your Accounts Receivable (AR) asset, however that could prove devastating. Using Pareto’s Theorem, also known as the 80/20 rule, you may be surprised at the level of risk concentrated among the 20 percent of customers that account for 80 percent of your sales.

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Bad Debt Accounts Receivable (AR) Credit Risk Credit and Collections 130

Plooto

MARCH 28, 2024

The accounts receivable turnover ratio can be a helpful metric in determining the efficiency of your accounts receivable (AR) processes. The AR turnover ratio measures the number of times debts are collected from customers over a specified period.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Bectran

AUGUST 23, 2023

Managing your accounts receivable process is a pivotal aspect of maintaining a healthy financial ecosystem for your business. In the pursuit of effective cash flow management, embracing modern solutions becomes paramount. Traditional methods of managing payments can often be time-consuming, error-prone and costly.

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Gaviti

MARCH 4, 2024

Businesses often rely on cash flow that they haven’t yet received. Once an invoice hits accounts receivable (A/R), it enters what’s called the average collection period. Other common names include “days sales in accounts receivable,” “average receivables collection period,” or “ days sales outstanding (DSO).”

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DSO Credit and Collections Days Sales Outstanding Credit Sales 52

Plooto

APRIL 10, 2024

Accounts receivable is a term used in accounting to describe the money a company is owed by its customers for goods or services provided. Learn more and how it is recorded on a balance sheet.

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Enterprise Recovery

SEPTEMBER 15, 2023

Did you know that by optimizing your accounts receivable workflow, your cash flow can be boosted? How to streamline your accounts receivable workflow. Streamlining your processes and utilizing technology helps with faster payment cycles, fewer mistakes, and improved financial forecasting.

Debt Collections 85

Debt Collections 85

Chaser

MARCH 20, 2024

In the intricate blueprint of business finance, accounts receivable is as crucial as it is complex. If the receivables process oscillates, it can lead to a downward spiral, affecting cash flow , profitability, and even the longevity of a business. It’s the cycle that keeps the wheels turning in an economic engine.

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RMAi Blog

MARCH 1, 2023

March 1, 2023: Receivables Management Association International (RMAI) is pleased to launch another new educational resource for the accounts receivables management industry, An Overview of Bankruptcy for the Accounts Receivables Management Industry. More information about RMAI is available at www.rmaintl.org.

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Bankruptcy 130

Enterprise Recovery

FEBRUARY 8, 2024

Accounts receivable is an essential aspect of any business's financial management. Read further to gain a better understanding of how accounts receivable management can significantly improve your cash flow. By allowing your business clients to defer payment, your company can attract more clients and increase sales.

Debt Collections 52

Debt Collections 52

Gaviti

MARCH 3, 2024

Many of these organizations focus on implementing RPA in the financial and accounts receivable department, where employees are burdened with repetitive manual tasks. What is Robotic Process Automation (RPA) in Accounts Receivable? Benefits of accounts receivable automation include: It’s more efficient.

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DSO Credit and Collections Days Sales Outstanding Cash Applicator 52

Enterprise Recovery

APRIL 28, 2023

Listed as an asset on financial statements such as the balance sheet , accounts receivable is an important resource to your business. Does your business use an accounts receivable policy? It's considered an asset because it can be converted to cash if collected within the payment terms set in your client contracts.

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Chaser

AUGUST 20, 2023

If you're running a small business but spend every month stressing about your cash flow, then it's probably time to reassess your accounts receivable policy. You're free to focus on your real business goals by taking away the administrative hassle of accounts receivables. Let's take a look at how you can do this.

Small Businesses 98

Small Businesses 98

Gaviti

DECEMBER 20, 2022

This is why so many companies now look to accounts receivable integration and other similar options to break down information barriers. What Is ERP and Accounts Receivable Automation Integration? When integrating your ERP and accounts receivable systems, ensure all stakeholders are on-board with the process.

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Days Sales Outstanding Credit and Collections Transactions 98

Accounting Department

JANUARY 19, 2023

However, late payments and bad debts are a constant threat looming over an accounts receivables (AR) team. Accounts receivable reports are a key tool for businesses to manage their AR balances, forecast cash inflow, and stay on top of overdue payments.

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Accounts Receivable (AR) Bad Debt Small Businesses 84

Chaser

SEPTEMBER 4, 2023

If you're running a business, you already know how important your accounts receivable are. But when it comes to managing accounts receivable, understanding what a debit or credit means can be confusing. This article clarifies that confusion, breaking down how receivables work in a business's accounting system.

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Emagia

JULY 10, 2023

An accounts receivable journal entry is a crucial element of a business’s accounting system. It records all transactions for which payment has not been received yet. For this specific type of entry, double-entry accounting is used, so there is an equal and opposite effect in two different accounts.

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AR Automation Transactions Deductions Credit Sales 52

Emagia

APRIL 13, 2023

Yes, accounts receivable are considered an asset on a company’s balance sheet. In this case, accounts receivable are an asset because money is being owed from a client to the business. In a business’s accounting ledger, accounts receivable are seen as assets.

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Bad Debt Credit and Collections Transactions 52

Enterprise Recovery

DECEMBER 30, 2022

Here are the Accounts Receivable and Business Collections Trends for 2023. In previous years, we've used this annual review to learn insights on how we can do better for our readers. Let us know if there's a topic that we can do better for you in the upcoming year.

Debt Collections 91

Debt Collections 91

Gaviti

NOVEMBER 16, 2023

Proactively reaching out to customers with overdue invoices and prior, sending reminders before the due date offering incentives for early payments, and suggesting an upfront deposit are all different methods of proactively defending against delinquent accounts. What are Delinquent Accounts? Company valuation.

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Credit and Collections Bad Debt Debt Collections Invoice to Cash 52

Chaser

FEBRUARY 14, 2024

Accounts Receivable (AR) and credit control are essential function in any business. Keeping track of accounts receivable can be time-consuming, as it requires attention to detail and diligent record-keeping.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Plooto

MARCH 29, 2024

Understanding accounts receivable (AR) is crucial for your company's finances. Efficiently managing your AR can help you manage your cash flow and ensure you don't lose out on cash.

Accounts Receivable (AR) 52

Accounts Receivable (AR) 52

Emagia

AUGUST 1, 2023

Understanding the nature of accounts receivable (AR) and its classification is crucial to maintain accurate bookkeeping records. One doubt that always pops up regarding is if accounts receivable is a debit or credit. What is Accounts Receivables? What is the Accounts Receivable Process?

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Accounts Receivable (AR) Credit and Collections Cash Applicator Credit Representative 52

Lendio

MARCH 13, 2023

For many businesses that get paid through invoices or bills, accounts receivable is critical for understanding the overall financial health of your company. What Is Accounts Receivable? What is Accounts Receivable? Most commonly, accounts receivable occurs in the form of outstanding invoices or bills.

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Allowance for Doubtful Accounts Bad Debt Credit and Collections Credit Sales 52

Gaviti

APRIL 24, 2023

Effective accounts receivable management is one of the most critical aspects of boosting steady cash flow for your business. Even so, there are some typical accounts receivable management problems and solutions most businesses should review. The AR team must identify problems and seek long-term solutions.

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Credit and Collections Bad Debt 95

Eagle Business Credit

NOVEMBER 2, 2023

Ensuring fast and flexible funding , however, should be at the very top of your company priority list — that’s where accounts receivable financing comes into play. Why Choose Accounts Receivable Financing? Accounts receivable funding is an important component to business growth.

Small Businesses 98

Small Businesses 98

Chaser

APRIL 25, 2024

Healthcare revenue cycle management is a vital component of your business. Without predictable income, you are unable to pay your providers and continue to deliver exceptional care to patients. Automation offers cash flow improvements for healthcare providers that can deliver greater outcomes for staff, patients, and communities.

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lsq

FEBRUARY 27, 2023

As part of the partnership, LSQ will also provide the company with comprehensive accounts receivable and customer credit management. LSQ offers (and partners on) myriad financing options, including accounts receivable, inventory and supply chain finance in facility sizes ranging from $250,000 to $200 million.

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Credit and Collections Bankruptcy Credit Management 98

Emagia

AUGUST 23, 2023

Receivables are the sums that a company’s customers or clients owe it for items sold or services provided on credit. Receivables are listed as assets on the balance sheet and are a significant component of a company’s financial status. What are Receivables? What is the Significance of Receivables?

Credit and Collections 52

Credit and Collections DSO Days Sales Outstanding Bad Debt 52

Chaser

NOVEMBER 1, 2023

One of the most important tools for decision-making is accounts receivable (AR) reports, as they provide critical insight into a company's financial standing, customers, and performance trends. Simply put, accounts receivables are the lifeblood of your business operations and critical for your business’s cash flow.

Accounts Receivable (AR) 52

Accounts Receivable (AR) AR Reporting 52

Lendio

JANUARY 13, 2023

In Accounts Receivable (AR) factoring, you sell your AR to a factoring company, which then collects from your customers. You get a percentage of your receivables up front and the balance (minus the factoring fee) when the invoice is collected. Be a B2B or B2G business with outstanding accounts receivables.

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Credit and Collections Accounts Receivable (AR) Credit Scoring Credit Unions 98

Gaviti

MAY 30, 2023

Accounts receivable is one of the most critical roles in your business. Receivables management can also become incredibly complex and high-risk. This risk compels savvy business managers to consider whether they should use accounts receivable outsourcing or turn to management software.

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Credit and Collections Cybersecurity Bankruptcy 98

MSCCM

MAY 26, 2022

But for accounts receivable (A/R), a transparent approach is critical to creating trust in financial relationships. Read More » The post Transparency in Accounts Receivable first appeared on MSCCM. The post Transparency in Accounts Receivable appeared first on MSCCM.

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Chaser

APRIL 11, 2023

Most businesses rely on cash flow they have yet to receive from customers who have purchased their goods and services. The accounts receivable collection period is a metric used to measure the average time customers pay off any outstanding invoices.

Credit and Collections 52

Credit and Collections 52