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Sales Commissions Impact the Collection Process

Your Virtual Credit Manager

Assign Collections to an Existing Employee : When doing this you need to consider if the person being assigned collection duties has the time and demeanor to be an effective collector. Again, you need to also keep in mind the impact from putting other tasks on a back burner. As with any change there are pros and cons.

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FI – SD Integration – VKOA – Understanding Flow – SAP S/4HANA

SAP Credit Management

Price differences, product cost collector (PRP) During settlement accounting with regard to a product cost collector in repetitive manufacturing, price differences are posted with the transaction PRP in the case of the valuated sales order stock.

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Revive Your Cash Flow!

Your Virtual Credit Manager

Quality control issues that slip through production and or arise during distribution are not usually discovered until after the invoice is billed — most likely by the collector. That’s simply the nature of things.

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RMAI Update April 2023

RMAi Blog

The following bills of concern are a sample of the legislation that RMAI is currently engaging on behalf of the industry: California AB 1414 – This bill would exclude consumer credit accounts from the definition of “book account” which would force all litigation through a contract theory for litigation. NPAS, Inc. ,

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13 Surprising Factors That Affect Your Credit Score (and Why Small Business Owners Should Care)

Fundera

Unlike the IRS, your local municipality might report your unpaid tax bill directly to a debt collector. Such debts are often sold to third-party collectors, who report nonpayment to the credit bureaus, which will severely ding your credit score. As much as it might sting, go by the book here and put these debts to rest properly.

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How to Improve the Accuracy of your Cash Flow Forecast

Fundera

Estimate Your Sales Bookings Timeline. Be a Diligent Collector. Work on being a diligent collector. What about your sales funnel? Is any cash outlay needed to close the opportunities at various stages of the funnel? This insight will inform your forecast for the months ahead. The solution?

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Delinquent Loans: What They Are, How They Differ From Default

Fundera

If the lender believes they won’t get their money back, they can charge off the loan —that is, remove the loan from their books. Debt collectors will contact you if the lender sells or transfers the debt. A lender or debt collector cannot do any of the following: Arrest or threaten to arrest you if you don’t pay debt.

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