RMAi Blog
APRIL 14, 2023
By understanding the tradeoff between saving and investing, you can make a financial plan that works for you now and later. Generally, people use savings for building an emergency fund or a short-term financial goal like a vacation or down payment on a car. Savings generate interest, although usually at a lower rate of return than investing, and the funds can be easily accessed.
Your Virtual Credit Manager
APRIL 11, 2023
Accounts Receivables (AR) require active management. Laissez-faire doesn’t cut it. In fact, a hands off approach will only serve to compound the weaknesses in your order-to-cash (O2C) process. Any O2C friction that results will ultimately have a negative affect on AR performance. Photo by Elisa Ventur on Unsplash When a company’s AR under-performs, the consequences are substantial.
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Due
APRIL 14, 2023
Most people find it hard to talk about money, especially between children and their parents. In fact, 57% of parents reported being reluctant to discuss money matters with their children. Furthermore, another study found that 74% of respondents said parents shouldn’t share information about their kids’ finances with kids under 14 years old, and another 14% said it should never be done.
incfile
APRIL 11, 2023
Got a side hustle? You've probably asked yourself, "Do I need an LLC?" While you can operate your side hustle as a sole proprietor without a legal business entity, getting an LLC for your side business can give it protection and credibility. Here, we'll give you all the reasons to consider an LLC for your side business, plus tips on when and how to start one.
RMAi Blog
APRIL 13, 2023
In support of Financial Capability Month, the Receivables Management Association International (RMAI) presents the following information. RMAI also provides resources on the Consumers webpage of the RMAI website and at FinancialLiteracy.Rocks. Additional information on this topic and more is available online from the Consumer Financial Protection Bureau.
Eagle Business Credit
APRIL 12, 2023
On this episode of Eagle Eye, CEO Ian Varley dives into the approval criteria for invoice financing facilities. Many business owners think that flexible, growth-enabling funding is out of reach due to a myriad of reasons. Invoice financing is reliable and can help your business grow. There are not unrealistic expectations for applicants. Below are the main areas that an invoice financing company will evaluate to determine whether you can you qualify for invoice financing. 1.
Credit Management Source brings together the best content for credit management professionals from the widest variety of industry thought leaders.
incfile
APRIL 12, 2023
Just as naming your pet or baby can fill you with both excitement and angst, naming your business "baby" can do the same. There's so much riding on the name as the chosen name can have a substantial impact on your brand's overall success.
RMAi Blog
APRIL 11, 2023
Scranton, Pa., April 11, 2023 – Abrahamsen Gindin LLC (AG Law), a multi-state creditors’ rights firm headquartered in Scranton, Penn., recently acquired Long Island-based Forster and Garbus LLP. AG Law is owned by Joshua Gindin, David Schlee, Josh Borer, and Ned Abrahamsen. The firm currently operates in New York, New Jersey, Pennsylvania, Delaware, Maryland, and Washington, D.C.; it plans to expand further once the firms are fully integrated within 12 to 18 months.
Credit Absolute
APRIL 10, 2023
Paying your federal taxes when they become due isn’t always an option. When you have other debts to worry about and money is tight, you have to consider all of your options. An IRS installment agreement is a solution to this problem, but some people may be hesitant because they aren’t exactly sure how it […] The post Do IRS Installment Agreements Affect Your Credit Score?
Due
APRIL 10, 2023
The concept of retiring together with a partner or spouse may sound appealing. However, in reality, this is not always true. According to the U.S. Administration on Aging , nearly a third of men and more than half of women over age 65 are widowed, divorced, or never married. While dual-income households do have some advantages, plenty of single people are able to retire comfortably — and even prosper.
incfile
APRIL 10, 2023
Once you’ve formed an LLC , one essential step you'll need to follow is to keep your personal and business finances separate. Different accounts help to protect your personal assets from any potential business liabilities, and the best way to do that is by opening a dedicated business account for your LLC.
RMAi Blog
APRIL 13, 2023
In support of Financial Capability Month, the Receivables Management Association International (RMAI) presents the following information. RMAI also provides resources on the Consumers webpage of the RMAI website and at FinancialLiteracy.Rocks. Additional information on this topic and more is available online from the Consumer Financial Protection Bureau.
Chaser
APRIL 13, 2023
Marketing is one of the critical drivers of success for any business. Whether it's through SEO, PPC, or another form of advertising, marketing has the potential to bring in new leads and customers that are vital to helping your business grow.
Due
APRIL 8, 2023
A market downturn can be a scary time for investors. As people spend less and the economy slows down, many of your investments will likely produce less-than-stellar returns and you may encounter some losses. However, some investments can help you emerge even stronger on the other side of the downturn. Real estate can be one of those assets. With 58% of economic experts expecting a recession later this year, it’s time to start planning for resiliency.
Know-It Global
APRIL 13, 2023
Reducing your debtor days is fundamental to maximising your cashflow! Since you’re here reading this article we suspect you’re having issues with not being paid on time. You’re not alone. Late payments are crippling businesses all over the UK with 52% of businesses experiencing late payment , and 25% reporting increased instances of late payment in 2022.
Skogen Capital Lending
APRIL 11, 2023
One way to be more successful in your business is to recruit and retain the best talent available. Retention can be one of the trickier parts of the business because you want to offer your workers the best pay and benefits without going bankrupt. One of the ways to boost retention is to use a business line of credit to hire more help, upgrade working conditions and provide incentives.
The Red Spectrum
APRIL 12, 2023
Net 30 vendors are suppliers or vendors that offer businesses the option to pay for their products or services within 30 days of receiving an invoice. This means that you have 30 days to pay the vendor for the products or services you purchased. Negotiating Net 30 better payment terms with your vendors can be beneficial for several reasons. First, it can help you manage your cash flow more effectively.
Due
APRIL 13, 2023
Sometimes, you need money right away. As in as fast as yesterday. Here’s the catch, though. The road to good, fast money is not always paved with ease. There are, however, legitimate ways of finding an immediate cash flow. If you’re in good financial shape, you might have an emergency fund you can use. But, what if don’t? OK, what about your savings?
ForwardAI
APRIL 12, 2023
Overlooking tax deductions can result in missed opportunities to reduce tax liabilities and increase cash flow for business owners. As a business owner, it’s essential to keep your tax liability as low as possible. However, with the complexities of the tax code, it can be challenging to know which deductions you’re eligible for. Below, our CEO Nick Chandi and 14 other Forbes Finance Council members explore some little-known tax deductions that many business owners may not be awar
Abrigo
APRIL 12, 2023
Building a strong credit review process A critical element of monitoring is an organization’s credit risk rating system. This blog will examine credit review in more detail. You might also like this whitepaper: "2022 Loan Review Benchmark Survey Results." DOWNLOAD Takeaway 1 Loan review, or credit review, must be timely, thorough, and accurate to meet regulatory requirements.
Credit Management Group UK
APRIL 11, 2023
Using the credit management tools available to you effectively can greatly increase your chances of getting paid more quickly. Making small changes to your collection strategy to incorporate all tools at your disposal can make a big impact on your collection performance. Improving your use of credit management tools Invoice Ensure that your invoices: Are dispatched quickly Are accurate Comply with any contractual invoicing procedures.
Accounting Department
APRIL 12, 2023
Capital budgeting involves analyzing, evaluating, and prioritizing investment decisions for large-scale projects that typically require significant capital from a business. This could include new office or warehouse space, fixed assets, or real estate. Capital budgeting provides businesses with a way to determine the best use of capital to increase the overall value of a business - a strategy that is useful to businesses of all sizes.
The Red Spectrum
APRIL 13, 2023
A business credit score is a numerical representation of a company’s creditworthiness. Credit bureaus calculate it based on the company’s credit history, payment behavior, and other financial data. Having a good business credit score is crucial for several reasons. Firstly, it can increase a company’s chances of getting approved for loans, credit lines, and other forms of financing.
Due
APRIL 11, 2023
When you talk about managing your finances, how frequently do you review your expenses? Don’t you worry about grocery bills pinching your wallet or travel expenses rising like never before? Well, whether you curse inflation, recessions, market downturns, or international events, future-proofing your money is crucial. With inflation rising at an ominous rate over the last 12 months, there’s a thin chance of it dipping below 6% anytime soon.
Enterprise Recovery
APRIL 14, 2023
Accuracy and details are crucial when invoicing business clients on retainer or for goods or services provided by your company. In fact, there are some attributes that can be added to invoices to prompt early payment or at least reduce the risk of late payments. Use these invoicing best practices so your B2B clients pay on time.
Accounting Department
APRIL 13, 2023
Growth comes for businesses sometimes when least expected and it could easily catch them off guard and unprepared when the company still has manual processes in place.
Cpcmcredit Blog
APRIL 12, 2023
The answer is no It is commonly assumed that if any term ‘agreed’ in a contract is legally enforceable but thats simply incorrect. “Unfair clauses” are comfortably challenged and my view is that more often than not, the vendor knows full well that the idiotic clause within their contract would immediately perish like and ice cream in the Sahara under the heat of a court battle and would be promptly withdrawn But that doesn’t stop vendors from ‘trying it on’ and believe me they do.
Due
APRIL 11, 2023
Turbulences in relationships can turn critically ugly. Even though you wouldn’t like to read these words, complications can eventually lead to a divorce. The harsh reality is divorces in the US are much more frequent than you can imagine. Before we proceed to the nitty-gritty, let’s take a look at these numbers. A report published by CDC reveals that the ultimate outcome of more than 50% of relationships is a divorce.
The Corcentric Blog
APRIL 12, 2023
It is the focus on outcomes, rather than overheads and ownership, that is driving high-level change in the business strategy of many companies today.
Emagia
APRIL 13, 2023
Yes, accounts receivable are considered an asset on a company’s balance sheet. A resource that gives a corporation value is defined as an asset. In this case, accounts receivable are an asset because money is being owed from a client to the business. It is a financial asset, which after the consumer has paid, can be transformed into cash. In a business’s accounting ledger, accounts receivable are seen as assets.
Lendio
APRIL 14, 2023
Skylar Swallow, VP Of Business Development at Lendio, recently provided an overview of the employee retention credit on a guest appearance of The Hartford’s Small Biz Ahead Podcast. Here are the key takeaways for how your business could qualify for thousands of dollars through the employee retention credit. > About The ERC The employee retention credit is a payroll tax credit for businesses with W-2 employees who saw a decrease in revenue or a government mandate that prevented operations, either
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