credit

Learn how to classify debt with covenants and the importance of understanding the different types of debt covenants. Get tips on how to properly classify debt and the potential consequences of not doing so. “

Learn how to effectively collect accounts receivable and improve your cash flow with these simple tips and best practices. Get the most out of your accounting efforts and ensure your business is running smoothly. “

Bad debt and doubtful debt are two terms used in accounting to describe the status of a debt. Bad debt is a debt that is unlikely to be collected, while doubtful debt is a debt that may or may not be collected. The main difference between the two is the degree of uncertainty. It is important to understand the difference between bad debt and doubtful debt in order to properly manage a company’s finances.

Equity financing and debt financing are two of the most common methods of raising capital for businesses. Equity financing involves the sale of a company’s stock to investors, while debt financing involves borrowing money from lenders. Both methods have their advantages and disadvantages, and the right choice for a business depends on its individual needs. Understanding the differences between equity financing and debt financing can help businesses make the best decision for their needs.

Financial well-being is a cornerstone of a healthy and happy life. However, it is easy to fall into the trap of bad debt, causing long-term financial stress and an uncertain future. In this article, we’ll explore various types of bad debt, how to avoid them, and how to manage existing bad debt. We’ll also look […]

Mistakes are an inevitable part of running a business. It is a common practice that a business faces a drawback due to an unpredictable financial mistake. Some blame it on ignorance, some on lack of professional guidance, while others are simply trying to find someone to blame. What financial mistakes put business at risk?

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

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?

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.