Monday October 10, 2011 21:35
Posted by Steve Drago as Accounts Receivable, Doubtful Debt, Doubtful Debt Reserve
A Doubtful Debt is a debt that the business or individual is unlikely to collect. Some reasons this may occur are a dispute over the product or service delivered or the belief that the customer won't or can't pay. When the business determines this may...
Wednesday October 5, 2011 16:17
Posted by Steve Drago as Accounts Receivable, Cash Management, Inventory
Whether you are a Fortune 100 company or a single person company, cash flow management is of prime importance to your business's survival. You can have the best idea, product or service but if you run out of cash, bad things happen. Cash flow...
Saturday October 1, 2011 20:13
Posted by Steve Drago as Accounts Receivable
DSO or Days Sales Outstanding (also called the average collection period) is a calculation used by a company to estimate their receivables average collection period. It equals 365 divided by the accounts receivable turnover. The accounts receivable...