Your Virtual Credit Manager

NOVEMBER 14, 2023

(Photo by Aziz Acharki on Unsplash ) Because Credit Policy is a part of Sales Policy, how you manage credit impacts company profits. How then does your Credit Policy affect your overall profitability? It affects the level of bad debt loss (uncollected Accounts Receivables) you suffer.

Credit Sales 130

Credit Sales Bad Debt Credit and Collections Credit Risk 130

Your Virtual Credit Manager

AUGUST 29, 2023

Use the following formula to determine your CEI: (Beginning receivables + Monthly credit sales - Ending total receivables) ÷ (Beginning receivables + Monthly credit sales - Ending current receivables). After September, free subscribers will only have access to the above portion of the weekly article.

DSO 130

DSO Credit and Collections Bad Debt Collection Effectiveness Index 130

Your Virtual Credit Manager

DECEMBER 6, 2022

The company ended up writing off millions of dollars in bad debt. Even worse, the company’s stock price was depressed because of the company’s high Days Sales Outstanding (DSO) , a common measure of AR management effectiveness. The increase in cash on hand was equivalent to four months of sales.

DSO 130

DSO Credit and Collections Bad Debt AR Aging 130

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 130

Credit Application Bad Debt Bankruptcy Credit Scoring 130

Know-It Global

JULY 5, 2023

One effective strategy for achieving this goal is to implement a robust credit control system. By effectively managing your business’s credit and collection processes, you can optimise cashflow, minimise bad debt, and enhance overall financial health. Identify areas for improvement and implement appropriate changes.

Bad Debt 52

Bad Debt Credit and Collections Debt Collections Credit Scoring 52

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 64

Deductions Small Businesses Bad Debt Credit Sales 64