Article and Bad Debt - Credit Management Source

Here Are the Distress Signals Private Firms Flash When They Are in Trouble

Your Virtual Credit Manager

APRIL 8, 2025

The Imperative to Keep Past Due Balances in Check A key objective of Accounts Receivable (AR) management is minimizing past due AR to ensure cash in-flows and minimize bad debt losses. Customer defaults can be devastating , especially if they cause a substantial bad debt loss.

Bad Debt

Bad Debt Bankruptcy Accounts Receivable (AR) Credit and Collections

Storm Warning: Private Company Red Flags

Your Virtual Credit Manager

JANUARY 14, 2025

The Customer Delinquency Challenge Successful accounts receivable (AR) management involves minimizing past due balances to ensure steady cash in-flows and limit bad debt losses. Customer defaults can be devastating , especially when they cause a substantial bad debt loss.

Bad Debt

Bad Debt Bankruptcy Credit and Collections Accounts Receivable (AR)

A Focus on Collections & Credit Fraud

Your Virtual Credit Manager

DECEMBER 31, 2024

What follows is a summary of the three most read article for the 12 months ending in October 2024, and links to the originals. For more detail on this subject, here’s the link to the original article. However, access to the original articles via the links we’ve embedded is only for our paid subscribers.

Collector

Collector Credit and Collections Bad Debt High-Risk Accounts

After the Credit Application: Getting to Know Your Customers Even Better

Your Virtual Credit Manager

FEBRUARY 18, 2025

(Photo by Markus Spiske on Unsplash ) When there are time constraints that forestall additional research, denying credit or requiring collateral or some other security is the best way to avoid a decision that results in delinquency and a potential bad debt loss. A final place to go for information about a new customer is the Internet.

Credit Application

Credit Application Credit and Collections Bad Debt High-Risk Accounts

5 Accounts Receivable Collection Mistakes You Should Avoid

Gaviti

NOVEMBER 21, 2024

Eliminate the Errors from Accounts Receivable Many of the mistakes talked about in this article can be better managed and even eliminated with Gaviti, accounts receivable automation solution. Want to learn more? Schedule a product demo. Credit management and monitoring. Get a demo today!

Automated Cash Application

Automated Cash Application Credit and Collections Cash Applicator Deductions

Avoid these Six Collection Myths

Your Virtual Credit Manager

MARCH 14, 2023

Here’s an article on overcoming collection excuses. Focus on the over 60 day past due AR balances to get the most bang for your collection buck This approach foregoes a huge cash flow opportunity (collecting AR that is under 60 days past due), and is not very effective at preventing bad debt (too little, too late).

Collector

Collector Past Due Invoices Bad Debt Credit and Collections

Use Credit Holds to Better Manage Your Accounts Receivable

Your Virtual Credit Manager

JANUARY 2, 2024

If collections are not done properly and in an adequate frequency , your AR will age, cash flow will decrease, and the risk of bad debt loss will increase. Photo by Kai Pilger on Unsplash ) We have written several articles on collections, which you can find in our archive. To learn more, you will need to be a paid subscriber.

Bad Debt

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Management

Accelerate Cash Flow with an Early Pay Discount

Your Virtual Credit Manager

SEPTEMBER 5, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you get full access to our growing archive of over 100 articles! Bad Debt Reduction: Accelerating customer payments with a early payment discount reduces your exposure to bad debts.

Bad Debt

Bad Debt Credit and Collections Accounts Receivable (AR) Default

Balancing Credit Sales with Profits

Your Virtual Credit Manager

NOVEMBER 14, 2023

It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer. Selling only to financially strong customers reduces the risk of bad debt loss, (and the cost of Credit and Collections activity required). The increased risk of a significant bad debt loss that your firm bears.

Credit Sales

Credit Sales Bad Debt Credit and Collections Credit Risk

Why Your Organization Needs Structured Payment Plans

RevCycle

JULY 6, 2021

The following excerpt is from a recent Forbes article : “ According to interviews AccessOne conducted with 47 healthcare billing executives, 43% of providers reported increases in patient requests for payment plans even as hospitals face their own financial struggles, and 40% report an increase in bad debt.

Bad Debt

Bad Debt Payment Portals Credit and Collections Default

Are Early Payment Discounts a Good Idea in Today’s Economy?

Your Virtual Credit Manager

FEBRUARY 28, 2023

Your Virtual Credit Manager (YVCM) previously published an article discussing the pros and cons of Prompt Payment Discounts. The reduction in revenue and margin, while painful, will be a smaller price to pay than a large drop in incoming cash and the higher risk of a larger, damaging, bad debt. What do you need help doing?

Bad Debt

Bad Debt Accounts Receivable (AR) Credit Risk Bankruptcy

Effective Strategies For Managing Credit Risk In Your Business

Know-It Global

APRIL 26, 2023

Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure. In this article, we’ll explore effective strategies for managing credit risk in your business. Use trade credit insurance Trade credit insurance is a type of insurance that protects businesses from bad debts.

Credit Risk

Credit Risk Bad Debt Credit and Collections Default

Healthcare Staffing 2022 – Crisis Point

RevCycle

MAY 31, 2022

This article from HFMA is a fantastic read on the topic with some of the most striking figures below: $40,000 – the average cost of turnover for a bedside RN position. The aforementioned article from HFMA cites projected shortfalls in clinical staff in the years to come. 2 million – projected shortage of support staff by 2026.

Bad Debt

Bad Debt Debt Collections

The Imperative for Prioritizing Collections

Your Virtual Credit Manager

OCTOBER 15, 2024

As a consequence, commercial accounts receivable (AR) portfolios are at an increasing risk of suffering bad debt losses. The immediate precursor to bad debts is increasing percentages of delinquent receivables, especially in the over 60 and 90 day aging categories. Commensurate with that, the Federal Reserve Bank of St.

Chapter 11

Chapter 11 Bad Debt Bankruptcy Accounts Receivable (AR)

AR Data Management, AR Automation, & Accelerating Cash Flow

Your Virtual Credit Manager

JANUARY 3, 2023

Photo by DESIGNECOLOGIST on Unsplash Editor’s Note: To start off the New Year, we’re bringing back three of the most popular YVCM articles from 2023. We’ve condensed the articles to save you time, but have also provided links to the originals should you want to take a deeper dive.

AR Automation

AR Automation Collector Credit and Collections Bad Debt

Is Your AR Generating All the Cash Flow It Should?

Your Virtual Credit Manager

SEPTEMBER 12, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you get full access to our growing archive of over 100 articles! When unobserved risks build up in your AR, the impact will be slower payments and defaults leading to bad debts. Offer ends 9/30/23.

Credit and Collections

Credit and Collections Bad Debt Accounts Receivable (AR) Deductions

Don't Leave Converting Sales into Cash to Chance

Your Virtual Credit Manager

DECEMBER 6, 2022

The company ended up writing off millions of dollars in bad debt. In addition, bad debt and concession expenses decreased by several million dollars annually. So far so good, but this company had an Achilles heal. This software firm did not actively manage its AR. Cash flow from AR was well below reported revenue.

DSO

DSO Credit and Collections Bad Debt AR Aging

Due Diligence Doesn't End with the Credit Application

Your Virtual Credit Manager

JANUARY 23, 2024

Learn More About YVCM Consulting Case Study: Portfolio Monitoring Pays Off Big-Time About 25 years ago, a credit manager I know saved his company from a seven-figure bad debt loss by monitoring the Internet on his biggest customers. There is a sequel to the case study referenced at the beginning of this article.

Credit Application

Credit Application Bad Debt Bankruptcy Credit Scoring

Evidence It's Time to Adjust Your Collection Practices

Your Virtual Credit Manager

AUGUST 29, 2023

Bad Debt Write-Offs Are Increasing: When bad debts get ahead of budget, you need to take a look at why that is happening. It could be a single larger-size default has skewed bad debts higher, in which case collections are probably not the problem (however, you might want to check your credit policies).

DSO

DSO Credit and Collections Bad Debt Collection Effectiveness Index

Debt Collection Mistakes Can Prove Costly

Your Virtual Credit Manager

JANUARY 16, 2024

Having your collection efforts back-stopped by a collection agency provides additional leverage to your efforts to get your customers to pay, avoid bad debt losses and preserve future sales to seriously delinquent customers. Effective debt collection requires a delicate balance between credit analysis and strategic collection efforts.

Debt Collections

Debt Collections Collector Credit and Collections Bad Debt

Red Flags that Demand Your Attention

Your Virtual Credit Manager

JUNE 13, 2023

These bad debt losses can put your own business at risk of failure. Make Your Virtual Credit Manager your trusted source for expert advice on Credit & Collection Management Best Practices including credit extension, risk mitigation and debt recovery. Far more damaging is a customer that defaults (never pays).

Credit and Collections

Credit and Collections Bad Debt Default Credit Risk

The Alarming Trend of Rising Company Insolvencies

Know-It Global

APRIL 19, 2023

Supply chains threatened by soaring insolvencies Recent data has revealed the average bad debt for UK SMEs is £16,641, a spike of 61% in a year! Bad debts If the insolvent company owes you money, you may not be able to recover the debt, or you may only receive a fraction of what you are owed.

Bad Debt

Bad Debt Credit and Collections Credit Risk Credit Management

How Long to Keep Business Tax Records

Fundera

JANUARY 17, 2020

or bad debt deduction. Worthless Securities or Bad Debt Deduction. Claimed a deduction for worthless securities or bad debt? Hang onto your company formation documents like articles of incorporation or articles of organization. Employment tax records. If you didn’t report income that you.

Bad Debt

Bad Debt Deductions Insurance Companies Transactions

Customer Stops Paying; Now What?

Your Virtual Credit Manager

SEPTEMBER 19, 2023

Starting in October, free subscribers will only receive the introductory section of our weekly articles. Plus, you will get full access to our growing archive of over 100 articles! From this conversation, you will learn how perilous the bad debt risk is with this customer, and how urgent your reaction must be.

Credit and Collections

Credit and Collections Default Bad Debt Credit Risk

Resolve to Be More Proactive in 2024

Your Virtual Credit Manager

JANUARY 9, 2024

Two weeks ago we recapped the three most read articles from 2023: identifying red flags, understanding why customers pay late, and the secrets of successful collectors. In contrast, profit driven enterprises often miss opportunities because they are too restrictive out of a fear of bad debt losses.

Credit and Collections

Credit and Collections AR Aging Accounts Receivable (AR) Deductions

What Software is Used for Accounts Receivable?

Emagia

FEBRUARY 20, 2025

This article delves into the various software solutions available for accounts receivable management, their key features, benefits, and how to choose the right one for your business. Reduced Bad Debt Helps identify at-risk accounts early and take preventive measures. What are the key benefits of using AR software?

AR Automation

AR Automation Bad Debt DSO Days Sales Outstanding

The 5 Best Accounting Blogs to Find Free Expert Advice

Fundera

AUGUST 2, 2017

Rather than providing articles like a typical blog, his site includes accounting tutorials and extensive Q&A about each topic, along with practice quizzes and puzzles to reinforce your knowledge. Favorite recent article: 13-part Introduction to Bookkeeping: Past and Present. Between Wall and Main Editor, Seth David.

Bad Debt

Bad Debt Small Businesses Credit and Collections Transactions

Effective Strategies to Reduce Debtor Days

Know-It Global

JULY 26, 2023

In this article, we’ll outline 15 actionable steps that can help you significantly reduce debtor days and optimise your cashflow! Regularly review key performance indicators (KPIs) related to accounts receivable, such as average collection period, aging analysis, and bad debt ratio.

Electronic Funds Transfer

Electronic Funds Transfer Credit and Collections Debt Collections Bad Debt

Say Goodbye to Manual Work: B2B Accounts Receivable Automation

Grit

MAY 26, 2024

This article explores the benefits of B2B accounts receivable automation and its key features and demonstrates why it’s time to say goodbye to manual work. This speed improves cash flow and reduces the risk of late payments and bad debt.

Collection Effectiveness Index

Collection Effectiveness Index Days Sales Outstanding Credit and Collections Bad Debt

product-news-post-1

Know-It Global

MAY 8, 2023

Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure. In this article, we’ll explore effective strategies for managing credit risk in your business. Use trade credit insurance Trade credit insurance is a type of insurance that protects businesses from bad debts.

Bad Debt

Bad Debt Credit and Collections Credit Risk Default

How to Write off an Invoice in QuickBooks

Fundera

DECEMBER 29, 2019

In this article, we’ll look at the best ways to write off an invoice in QuickBooks. There are a couple of reasons why you might want to write off an invoice in QuickBooks : Bad debt. Some accountants and bookkeepers will advise you to simply delete bad debt invoices if you are a cash-basis taxpayer.

Bad Debt

Bad Debt Credit and Collections Default Invoice Amount

Product-NEWS-2 – Effective Strategies For Managing Credit Risk In Your Business

Know-It Global

MAY 8, 2023

Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure. In this article, we’ll explore effective strategies for managing credit risk in your business. Use trade credit insurance Trade credit insurance is a type of insurance that protects businesses from bad debts.

Credit Risk

Credit Risk Bad Debt Credit and Collections Default

Product-NEWS – Effective Strategies For Managing Credit Risk In Your Business

Know-It Global

MAY 8, 2023

Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure. In this article, we’ll explore effective strategies for managing credit risk in your business. Use trade credit insurance Trade credit insurance is a type of insurance that protects businesses from bad debts.

Credit Risk

Credit Risk Bad Debt Credit and Collections Default

Demystifying Customer Credit-Worthiness

Your Virtual Credit Manager

MARCH 28, 2023

This is because the higher your profit margins the fewer sales it will take to compensate for any bad debt losses. Share The Four Cs of Credit Provide Perspective This article has focused on objective criteria for making solid credit decisions in 70 to 80 percent of the situations you will face.

Credit Scoring

Credit Scoring Credit Application Bad Debt Credit Risk

Leveraging Credit Control

Know-It Global

JULY 5, 2023

By effectively managing your business’s credit and collection processes, you can optimise cashflow, minimise bad debt, and enhance overall financial health. In this article, we will explore the concept of credit control and discuss how it can be leveraged to improve your business’s financial well-being.

Bad Debt

Bad Debt Credit and Collections Debt Collections Credit Risk

The 8 Most Common Accounts Receivable Management Problems and Solutions

Gaviti

APRIL 24, 2023

Failure to properly vet customers opens the door to delayed payments, bad debts, court battles, and worse. To make matters worse, bad debtors often take on as much credit as possible without considering their repayment ability.

Credit and Collections

Credit and Collections Bad Debt

21 Small Business Tax Deductions You Need to Know

Fundera

OCTOBER 26, 2019

If you think this might be the case for your small business, this article will make sure you’re capitalizing on the most overlooked (but valuable) deductions when doing your small business taxes. If you’ve ever lent money to an employee or vendor without receiving it back, you can claim that back as ‘bad debt’. Auto expenses.

Deductions

Deductions Small Businesses Bad Debt Credit Sales

10 Ways You’re Blowing Your Retirement Savings

Due

DECEMBER 19, 2022

Paying interest on your debt is like throwing money away. Debt is a double-edged sword. If you aren’t careful with debt, you may end up drowning in interest without even realizing it. This only applies to bad debt, though, like high-interest car loans or credit card debt.

Medical Billing

Medical Billing Deductions Bad Debt

Stopping PPP Fraud

Abrigo

JANUARY 14, 2021

Would you like others articles like this in your inbox? How Institutions Can Avoid Fraud Surprises in the Next Round of the PPP BSA and fraud professionals saw a spike in PPP fraud during the first two rounds of funding. How can they be better prepared to prevent fraud in this next round?

Bad Debt

Bad Debt Small Businesses Transactions Default

product-news-post-2

Know-It Global

MAY 8, 2023

Failure to manage credit risk can lead to bad debts, cashflow problems, and eventually, business failure. In this article, we’ll explore effective strategies for managing credit risk in your business. Use trade credit insurance Trade credit insurance is a type of insurance that protects businesses from bad debts.

Bad Debt

Bad Debt Credit and Collections Credit Risk Default

How Do Large Enterprises Benefit from Trade Credit Automation?

apruve

NOVEMBER 14, 2022

In this article, you’ll find out about the many ways enterprise organizations benefit from trade credit automation. The largest risk of extending credit for any enterprise – and it’s often a deal-breaker – is the risk of bad debt. Benefits of Trade Credit Automation. Automation in trade finance can help mitigate the risk.

Bad Debt

Bad Debt Credit and Collections Transactions Default

Key Advantages of Autonomous Finance in A/R Collections

Gaviti

OCTOBER 30, 2023

In this article, we explore the advantages of autonomous finance, especially as it relates to accounts receivable, and at what point your company should consider employing them, so you can decide if it’s a worthwhile investment for your business.

Days Sales Outstanding

Days Sales Outstanding Invoice Collections Credit and Collections DSO

Maximising Cashflow: Enhancing Your Credit Control Process

Know-It Global

JUNE 5, 2023

By implementing a well-structured credit control process, businesses can mitigate the risks associated with late payments and bad debts, ensuring a steady stream of revenue. In this article, we will explore strategies to optimise your credit control process, helping you maximise cashflow!

Electronic Funds Transfer

Electronic Funds Transfer Bad Debt Credit and Collections Credit Management

Can A Robot Be A Better Debt Collector Than Us?

JSP Credit Management

OCTOBER 10, 2021

A recent article suggested that the ‘gig economy’, consisting of apps such as Uber and Airbnb employs no fewer than 1 in 10 working adults in the UK. Whilst there can be found some criticisms, the above article notes that the amount of people earning an income from these apps has doubled in recent years. That is approximately 4.7

Collector

Collector Debt Collections Credit and Collections Bad Debt

Here Are the Distress Signals Private Firms Flash When They Are in Trouble

Storm Warning: Private Company Red Flags

Trending Sources

A Focus on Collections & Credit Fraud

After the Credit Application: Getting to Know Your Customers Even Better

5 Accounts Receivable Collection Mistakes You Should Avoid

Avoid these Six Collection Myths

Use Credit Holds to Better Manage Your Accounts Receivable

Accelerate Cash Flow with an Early Pay Discount

Balancing Credit Sales with Profits

Why Your Organization Needs Structured Payment Plans

Are Early Payment Discounts a Good Idea in Today’s Economy?

Effective Strategies For Managing Credit Risk In Your Business

Healthcare Staffing 2022 – Crisis Point

The Imperative for Prioritizing Collections

AR Data Management, AR Automation, & Accelerating Cash Flow

Is Your AR Generating All the Cash Flow It Should?

Don't Leave Converting Sales into Cash to Chance

Due Diligence Doesn't End with the Credit Application

Evidence It's Time to Adjust Your Collection Practices

Debt Collection Mistakes Can Prove Costly

Red Flags that Demand Your Attention

The Alarming Trend of Rising Company Insolvencies

How Long to Keep Business Tax Records

Customer Stops Paying; Now What?

Resolve to Be More Proactive in 2024

What Software is Used for Accounts Receivable?

The 5 Best Accounting Blogs to Find Free Expert Advice

Effective Strategies to Reduce Debtor Days

Say Goodbye to Manual Work: B2B Accounts Receivable Automation

product-news-post-1

How to Write off an Invoice in QuickBooks

Product-NEWS-2 – Effective Strategies For Managing Credit Risk In Your Business

Product-NEWS – Effective Strategies For Managing Credit Risk In Your Business

Demystifying Customer Credit-Worthiness

Leveraging Credit Control

The 8 Most Common Accounts Receivable Management Problems and Solutions

21 Small Business Tax Deductions You Need to Know

10 Ways You’re Blowing Your Retirement Savings

Stopping PPP Fraud

product-news-post-2

How Do Large Enterprises Benefit from Trade Credit Automation?

Key Advantages of Autonomous Finance in A/R Collections

Maximising Cashflow: Enhancing Your Credit Control Process

Can A Robot Be A Better Debt Collector Than Us?

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