CreditStrong for Business

NOVEMBER 7, 2024

Revolving utilization is a big part of your credit score: 30% to be exact. There are certain accounts on your credit report that contribute to it while others don’t. There are also ways you can reduce your utilization rate and improve your credit score. In this article, we’ll cover what revolving utilization is, how to improve it, and how it impacts your credit score.

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Emagia

NOVEMBER 7, 2024

Calculation of Days Sales Outstanding The calculation of Days Sales Outstanding (DSO) is crucial for any business looking to manage its cash flow effectively. DSO represents the average number of days that a company takes to collect payment after a sale has been made. Understanding this metric can help businesses assess their collection efficiency and improve cash flow management.

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Accounting Department

NOVEMBER 7, 2024

Our final Entrepreneurs' Organization (EO) event of the year, EO XCentric, took place in Fort Worth last week and ADC's Shawn Marcum, fresh off of EO Alchemy, set out to Texas and spend some time with all of the great event attendees.

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Emagia

NOVEMBER 7, 2024

Understanding Days Sales Outstanding (DSO) DSO (Days Sales Outstanding) is a key metric that indicates the average time it takes a company to collect payments after a sale. It is a crucial measure of cash flow and customer credit management. How to Calculate DSO To calculate DSO, use the formula: DSO = (Accounts Receivable / Total Credit Sales) x Number of Days.

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Speaker: Susan Richards

Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.

Bad Debt

CreditStrong for Business

NOVEMBER 7, 2024

Credit cards and other revolving credit accounts function in a cyclical way. The consumer initiates the borrowing cycle by making a purchase and then repaying the balance over one or more months. Car loans and other installment credit accounts involve borrowing a lump sum and repaying the balance over a predefined series of months. What is Revolving Credit?

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CreditStrong for Business

NOVEMBER 7, 2024

Prospective homebuyers seeking a mortgage loan may use several strategies for improving low credit scores. Examples include reviewing credit bureau reports for possible credit account errors, avoiding late payments, paying down debt, and getting a credit builder loan. Step 1: Dispute Any Errors on Your Credit Report The first credit repair strategy involves obtaining a current copy of your credit report and reviewing your credit history.

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Emagia

NOVEMBER 7, 2024

DSO Mean DSO, or Days Sales Outstanding, is a key financial metric that measures the average number of days it takes for a company to collect payment after a sale. Understanding DSO mean is essential for managing cash flow effectively. Importance of DSO Mean The DSO mean provides insights into a company’s efficiency in collecting receivables. A lower DSO indicates quicker collections and better cash flow, while a higher DSO may signal potential issues in credit management.

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blue dot counseling

NOVEMBER 7, 2024

There's very little point in doing any bookkeeping if you can't produce financial information that helps you measure and improve financial performance. The post We did nine months’ bookkeeping in three weeks for a £1m+ business appeared first on Blue Dot Consulting.

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Emagia

NOVEMBER 7, 2024

D.S.O. Meaning D.S.O., which stands for Days Sales Outstanding, is a financial metric used to measure the average number of days it takes for a company to receive payment after a sale. Understanding D.S.O. meaning is essential for evaluating a company’s liquidity and credit management. Importance of D.S.O. Understanding D.S.O. is crucial as it reflects how effectively a company collects its receivables.

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Due

NOVEMBER 7, 2024

Mississippi District Attorney Mayor and Council member were charged with bribery and corruption. Hinds County District Attorney Jody E. Owens II, Chokwe Antar Lumumba, Mayor of Jackson, Mississippi, and former President and current member of the Jackson City Council Aaron Banks, were all the subject of an indictment that was unsealed in the Southern District of Mississippi.

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Emagia

NOVEMBER 7, 2024

What is Days of Sales Outstanding? Days of Sales Outstanding (DSO) is a metric that shows the average number of days it takes a business to collect payments after a sale. Why DSO Matters High DSO indicates inefficiency in collection, while low DSO shows effective cash collection processes. Calculating DSO The DSO formula divides total accounts receivable by total credit sales, multiplied by the number of days.

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Due

NOVEMBER 7, 2024

For individuals approaching or already in retirement, the prospect of adding crypto to their portfolios raises some pretty unique questions. With interest in cryptocurrency skyrocketing , even retirees are exploring it as a potential diversification tool. However, unlike younger investors, retirees typically prioritize different goals, such as stability and income, to support their day-to-day needs.

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Emagia

NOVEMBER 7, 2024

Cash to Cash Conversion Cycle The cash to cash conversion cycle (C2C) is a crucial financial metric that measures the time taken between outlaying cash and receiving cash. Understanding this cycle is essential for improving liquidity and cash flow management. Importance of the Cash to Cash Conversion Cycle This cycle is important as it reflects how efficiently a company can turn its investments into cash.

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Due

NOVEMBER 7, 2024

Don’t feel bad if you haven’t started planning for retirement yet. While undoubtedly stressful, you’re far from alone. In the 2024 Annual Retirement Survey , Allianz Life finds that 56 percent of Americans have no solid financial plan for retirement. The survey, conducted in February and March of this year, also found that nearly half (48 percent) of over-25s worry about living too frugally and not enjoying retirement enough.

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Emagia

NOVEMBER 7, 2024

What Are Days of Outstanding Sales? Days of Outstanding Sales (DOS) is a key metric in accounting that measures how quickly a company collects cash from its customers. This figure is crucial for assessing the efficiency of a company’s accounts receivable management. Importance of DOS The DOS metric helps businesses understand their cash flow cycles.

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Collenda

NOVEMBER 7, 2024

Navigating Economic Challenges: Aryza Group’s Insights on Q3 2024 Insolvency and Lending Trends Aryza Group is pleased to share its analysis of recent trends in the individual and company insolvency market in England, Wales, and Northern Ireland from July to September 2024, based on the latest data released by the Insolvency Service. Personal Insolvency The total number of individual insolvencies in the third quarter of 2024 reached 31,276, up from 24,458 during the same period in 20

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Emagia

NOVEMBER 7, 2024

The post DSO Computation appeared first on Emagia.com.

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CreditStrong for Business

NOVEMBER 7, 2024

Whether you’re looking to build credit, earn rewards or pay down high-interest debt, there’s a credit card that likely fits your needs. There are so many types of credit cards and welcome bonuses that it could make anyone’s head swim! We’ll go over each credit card type so you can identify which type of cards and rewards are best for you. We’ll even include the credit score you’ll need to aim for with each one.

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Emagia

NOVEMBER 7, 2024

Understanding the Formula for Cash Cycle The formula for cash cycle is crucial in analyzing a company’s financial health. This formula provides insights into the time a company takes to convert its investments in inventory into cash flows. The formula for cash cycle helps businesses evaluate efficiency in managing cash flows. Components of the Cash Cycle The cash cycle includes three primary components: inventory period, accounts receivable period, and accounts payable period.

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CreditStrong for Business

NOVEMBER 7, 2024

85.5% of new car buyers use debt to finance their purchases, and roughly 43% of them are between the ages of 25 and 54. 1,2 That car purchase will likely be the first significant credit transaction for many on the younger end of the spectrum. As a result, some of these individuals may struggle to get financing from lenders who prefer working with more qualified borrowers.

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Emagia

NOVEMBER 7, 2024

What is Free Cash Flow? Free cash flow (FCF) represents the cash a company generates after accounting for capital expenditures. Finding free cash flow is essential for assessing a company’s financial health and investment potential. Formula for Free Cash Flow The formula for finding free cash flow is FCF = Operating Cash Flow – Capital Expenditures.

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Due

NOVEMBER 7, 2024

In the wake of Donald Trump’s resounding victory, financial markets experienced a seismic shift, with several key sectors and companies witnessing dramatic price movements. The unexpected outcome triggered a series of knee-jerk reactions across various asset classes, leaving investors and analysts scrambling to interpret the long-term implications of these sudden market changes.

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Emagia

NOVEMBER 7, 2024

What is a Subsidiary Ledger? The subsidiary ledger is a detailed ledger that breaks down the specifics of transactions under a particular control account. It provides in-depth information for better transaction tracking. Purpose of Subsidiary Ledger The main purpose of the subsidiary ledger is to organize detailed information that can streamline the main ledger and help maintain accurate records.

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Emagia

NOVEMBER 7, 2024

Introduction to Debt to Worth Ratio The debt to worth ratio measures a company’s leverage by comparing total debt to total equity. It’s essential for assessing financial stability. Importance of Debt to Worth Ratio Understanding the debt to worth ratio helps businesses assess their risk levels and make informed financial decisions. How to Calculate Debt to Worth Ratio To calculate the debt to worth ratio , divide total liabilities by total equity, which reveals the company’s financial leve

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Emagia

NOVEMBER 7, 2024

Understanding the Debt Equity Ratio The debt equity ratio is a measure of a company’s financial leverage, showing the balance between debt and equity. How to Calculate Debt Equity Ratio To calculate the debt equity ratio , divide total liabilities by total shareholder equity. Why Debt Equity Ratio Matters The debt equity ratio helps determine a company’s financial risk and the proportion of debt in its capital structure.

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Emagia

NOVEMBER 7, 2024

EFT Tracking EFT tracking is an essential process for businesses looking to streamline their financial transactions. Electronic Funds Transfer (EFT) allows money to be transferred electronically from one bank account to another, and tracking these transactions can help maintain accurate financial records. The Importance of EFT Tracking Tracking EFT transactions is critical for ensuring accuracy in financial reporting.

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Emagia

NOVEMBER 7, 2024

Electronic Invoicing Electronic invoicing (e-invoicing) is the process of sending and receiving invoices in a digital format. This method simplifies the billing process and improves accuracy in financial transactions. Benefits of Electronic Invoicing The primary benefits of e-invoicing include faster processing times, reduced costs, and improved cash flow.

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