How to Write Accounts Receivable Procedures

The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.

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Is bad debt an asset or liability? | Bad Debt Definition
January 4, 2023 - B Terms, Solve Business Problems

When it comes to the world of business, bad debt can be a major issue. It’s important to understand what bad debt is, how it can affect a business, and what can be done to mitigate it. Is bad debt an asset or liability?

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What is an Example of a Credit Policy?

Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.

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Do Your Accounting Procedures Drive Internal Control?

Accounting Procedures can play a role in continual improvement, not just compliance if you use your accounting Procedures to drive internal control.

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What’s the Difference Between Policies and Procedures?

A policy is a guiding principle used to set direction in an organization. Policies can be courses of action to guide and influence decisions. A procedure is a particular way of accomplishing something. Procedures should be designed as a series of steps to accomplish an end result.

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Working Capital? | Definition
January 7, 2022 - Strengthen Your Financials, W Terms

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, […]

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What is the Revenue Cycle in Accounting?
October 27, 2021 - Strengthen Your Financials

Proper identification of all sales are an important element of a company¬É’s income statement. Which Accounting Revenue Cycle Procedures should you utilize?

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How Do You Write a Good Business Policy?
October 25, 2020 - Write Better Policies

A company policy consists of either company rules, typically about ethics or relationships, or process outcomes. Do you know how to write a business policy?

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How to Manage Working Capital

Working capital is the money it takes to run your business. What areas should you actively manage in order to get the most from your working capital?

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