Remove 2021 Remove Credit and Collections Remove Deductions
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Evidence It's Time to Adjust Your Collection Practices

Your Virtual Credit Manager

Effective collections are crucial to maintaining a healthy cash flow and the financial stability of your company. If your business is struggling with cash flow or AR balances are growing, it could be a sign that your collections policy requires updating. There are a myriad of issues that can affect collections.

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Small Business Tax Deductions

truly financial

You have to sort out which expenses are considered tax-deductible for your business’ income, and follow the proper methods for claiming them. The good news is that the majority of the expenses you’re incurring for your business are likely tax-deductible. These are tax-deductible.

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Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

Processing Delays There are several AR activities that often take longer than they should and therefore cause delays: processing credit applications, approving orders, generating invoices, and posting payments. Credit evaluations, however, often take time. YVCM was launched in 2021 and continues to grow. Offer ends 9/30/23.

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How Long Do Late Payments Stay on Your Credit Report?—Everything You Need To Know

CreditStrong for Business

Unfortunately, regardless of the reason, they will affect your credit score. Still, you may be wondering—how long do late payments stay on your credit report? How Different Entries Affect Your Credit Score Equifax , Experian , and TransUnion , the three major credit bureaus, compile the data that creditors report.

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Seven Observations from Silicon Valley Bank's Failure

Your Virtual Credit Manager

Any enterprise extending credit to another business needs to have real treasury expertise. In addition to the effect of inflation, AR loses value as a result of profit dilution (when customers do not pay you the full invoice value due to payment deductions or disputes) and bad debt losses. Learn More About Credit Reports 5.

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How to Get Startup Business Loans with Bad Credit

CreditStrong for Business

Unfortunately, it’s challenging for new startups to qualify for traditional business loans because they lack business credit. Let’s explore some alternative forms of financing you can use to clear that hurdle and get startup business loans with bad credit. You’ll usually need good personal and business credit to qualify for an account.

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How Long Do Late Payments Stay on Your Credit Report?

CreditStrong for Business

Late payments remain on your credit bureau report and influence your credit score for seven years. Fortunately, there are ways to improve your overall credit profile to offset the adverse results that late payments have on your credit score. What Is Considered as a Late Payment? on the due date are deemed as late.