When receivables age without a consistent and disciplined approach to collection, they begin to lose value. The longer a debt is left uncollected, the more unlikely it is you will receive full value from it
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Rising sales will mean rising levels of accounts receivable. However, it is essential to monitor the measure of DSO, particularly during a period
Read articleCalculate your average collection period by dividing your total sales for the previous year by 365. This gives you your average daily sales volume
Read articleInterest payments. When a lender establishes an interest rate, it must comply with any applicable state usury laws
Read articleRunning a small business requires a focus on the present daily operations. With time restraints looking ahead becomes difficult.
Read articleWhen assessing risk in dealing with a business, it’s important to know as much as possible about both the customer and the industry the business operates in
Read articleThe Fair and Accurate Credit Transaction Act, also known as FACTA, protects businesses and consumers from thieves that try to steal identity information
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The fact is that collecting the debts you are legally owed is actually an ethical responsibility of any business owner. You are not in business to finance others
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Considering Hiring a Debt Collector to collect on your business?. The methods used in collecting on debt are the third major factor to consider
Read articleA corporation’s earnings report can have a devastating effect on its stock price if earnings just barely fail to meet the company’s projections
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