Your Virtual Credit Manager

APRIL 23, 2024

” (Photo by Devon MacKay on Unsplash ) This applies to credit and collections as well as anything else. Credit analysts should also review past decisions to improve their future performance regarding approvals, limits and term setting. The company later announced the liquidation of its U.S. Hertz Global Holdings Inc.

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Fundera

AUGUST 26, 2018

Business credit cards are essential financing tools for both new and established business owners alike. When you’re just beginning, they can be your main financing lifeline and how you build your business credit. Without careful use, though, you could spend faster than you can pay, and need to recover from business credit card debt.

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Your Virtual Credit Manager

AUGUST 1, 2023

Even though the economic headwinds are moderating, now is not the time to become less vigilant from a customer credit perspective. If you are extending credit to business customers, prudence dictates that you be prepared to deal with customer bankruptcies. Right now there are nearly a million new businesses beating the odds.

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Lendio

JULY 31, 2023

Tip: While most major banks connect seamlessly with most major accounting software products, you may want to double-check that this is the case if you’re banking with a smaller institution like a local credit union. In every journal entry, one or more accounts are debited, and one or more accounts are credited.

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Lendio

MAY 23, 2023

Bookkeeping is the collection of data from various sources and entering it into your company’s accounting system—but there’s more to it than just data entry. Chapter 4: Accounts Receivable Learn how to record accounts receivable. Chapter 5: Accounts Payable Learn how to record accounts payable. What Is Bookkeeping?

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Fundera

MAY 22, 2018

A merchant cash advance is a loan that your business pays back through customer credit card purchases. Financing companies provide a lump sum of cash, which they calculate according to your business’s credit card receivables. In return, that financing company takes a percentage of your credit card sales.

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Your Virtual Credit Manager

MARCH 26, 2024

Approving a new customer for credit terms is merely the first step taken by a B2B vendor to begin an open credit relationship. Economic circumstances may prompt a vendor to either tighten or loosen its credit policies and customer credit limits. Situations change, both for the vendor and for its customers.

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