Trade Credit & Liquidity Management

MAY 8, 2025

In today’s risk-heavy business climate, Controllers are expected to do more than close the books. They must ensure data accuracy across the systems that drive billing, collections, compliance, and reporting. Collections slow down. This leads to credit limit blind spots, reporting inconsistencies, and operational confusion.

Credit and Collections 72

Credit and Collections Revenue Recognition DSO Credit Management 72

Your Virtual Credit Manager

MAY 23, 2023

Incidentally, the higher your gross margin, the more latitude you have in extending credit to marginally risky accounts. Any subsequent collection expenses and bad debt write-offs are more easily recouped through additional sales than if your gross margins are low. Do you need help with your credit policies and procedures?

Bad Debt 49

Bad Debt Credit and Collections Deductions Invoice Amount 49

Your Virtual Credit Manager

SEPTEMBER 17, 2024

For small business executives, and many mid-sized businesses as well, managing collections effectively can be a significant challenge, particularly when time and resources are limited. Over time, this erodes profitability and financial stability, making it harder to keep the business running smoothly.

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Bad Debt Credit Risk 100

Your Virtual Credit Manager

OCTOBER 22, 2024

When we first think about credit risk, our minds focus on the financial status of the company in question. To manage the risk that a customer might default, companies implement credit and collection policies and procedures. Your Virtual Credit Manager is a reader-supported publication. Share Read more

Past Due Invoices 130

Past Due Invoices Credit and Collections Credit Card Payments Default 130

Abrigo

FEBRUARY 14, 2023

What to know about the CFPB 1071 rule affecting small business loans This post provides answers to some frequently asked questions about data requirements and other changes likely from the new rule. A CFPB 1071 resource page for lenders , content, and educational webinars will walk lenders through requirements and preparations.

Small Businesses 78

Small Businesses Credit and Collections Credit Unions Credit Risk 78

Lendio

MAY 6, 2024

As more American consumers utilize next-generation payment methods like touchless transactions or smartphone payments, there’s a general sense that we’re headed toward a cashless world. However, there are still plenty of small businesses that operate exclusively in cash—and will continue to do so for years to come.

Credit Card Payments 98

Credit Card Payments Small Businesses Transactions Credit and Collections 98

Your Virtual Credit Manager

FEBRUARY 7, 2023

And yet, at the end of each month, we felt both awkward and put out by the reality of having to chase clients for payments, even though we had worked around the clock so their businesses could succeed. Why not share this newsletter with your small business customers? Getting paid can be a pain.

AR Automation 130

AR Automation Accounts Receivable (AR) Credit and Collections Bad Debt 130

Your Virtual Credit Manager

AUGUST 23, 2022

Photo by CDC on Unsplash Small businesses have to deal with many of the same challenges as larger ones. A key difference (besides volume of transactions) is the lack of labor specialization.

Transactions 130

Transactions Small Businesses 130

Your Virtual Credit Manager

FEBRUARY 27, 2024

For a small business owner or executive, navigating credit decisions can be challenging, especially when they clash with the goals of other stakeholders within the company. It's essential, however, for everybody to recognize that credit decisions also have broader implications across various aspects of company operations.

Accounts Receivable (AR) 130

Accounts Receivable (AR) Bad Debt Days Sales Outstanding Credit and Collections 130

Your Virtual Credit Manager

MARCH 19, 2024

If all your customers paid promptly — by the time the invoice was due — you would not need to do any collection work. Collections is a reactive process. The amount of collection activity with which you are tasked is directly proportional to your customers’ payment habits.

Bulk Transfer 100

Bulk Transfer Credit and Collections Bankruptcy Third Party Collections 100

Fundera

SEPTEMBER 18, 2018

When a credit bureau computes your credit score, their job is to produce a number that estimates—given your past and current financial history—how likely you are to default on future debts. There are five notable components of a personal credit score. There are five notable components of a personal credit score.

Credit Scoring 93

Credit Scoring Small Businesses Credit and Collections Collector 93

Fundera

NOVEMBER 12, 2015

I save them a ton of time getting ready for small business tax preparation. If you’re a small business with a bookkeeper, take advantage of your bookkeeper’s “translation” skills to help you with your small business tax preparation. Another part of small business tax preparation is record-keeping.

Small Businesses 97

Small Businesses Credit and Collections Transactions 97

Your Virtual Credit Manager

DECEMBER 27, 2022

This is why companies continue to sell to business customers that appear to be facing financial difficulty. For example, there are firms burning through their cash reserves that may still be considered worthy of credit on their next order, but not the order that comes in three months from now. it just might help them pay you sooner!

Credit Scoring 130

Credit Scoring Credit and Collections Accounts Receivable (AR) Bankruptcy 130

The Red Spectrum

MAY 8, 2023

Small businesses are the backbone of the economy. However, starting and running a business requires much capital. As a result, most entrepreneurs depend on small business financing to get their ventures off the ground. In recent years, the small business financing landscape has undergone significant changes.

Small Businesses 98

Small Businesses Credit Scoring Credit and Collections Transactions 98

Fundera

MARCH 7, 2020

In this guide, we’ll break down 10 of the best invoicing software solutions for small businesses—so you have all the information you need to decide what’s right for your business’s needs. 10 Best Invoice Software Options for Small Businesses. per transaction with no hidden or monthly fees.

Small Businesses 99

Small Businesses Credit and Collections Credit Card Payments Transactions 99

Fundera

OCTOBER 20, 2019

How to Manage Small Business Finances in 5 Comprehensive Steps. Choose a business bank account and separate your personal and business finances. Organize your business finances by using accounting software and hiring a professional. Understand and fulfill your business tax responsibilities. ATM access.

Small Businesses 101

Small Businesses Credit Scoring Credit and Collections Default 101

Fundera

FEBRUARY 6, 2018

Running a business involves a constant learning curve. And that applies whether you’re a rookie entrepreneur just starting out with a great idea for a new business or a more established small business owner with a quickly growing business that needs to expand. Accounting Terms to Know. Accounts Receivable.

Small Businesses 105

Small Businesses Credit Scoring Credit and Collections Bankruptcy 105

Fundera

NOVEMBER 4, 2015

When you’re new to the world of small business lending, it’s not uncommon to have more questions than answers. Almost without fail, the first question every small business lender or loan broker will ask you is, “How much do you need?” How will my credit impact my small business lending options?

Small Businesses 97

Small Businesses Credit Scoring Credit and Collections Default 97

Fundera

DECEMBER 15, 2016

For many small business owners, QuickBooks is a popular choice for accounting software, but it’s just one choice they need to make. QuickBooks Pro is a simple, deceptively robust, and powerful solution that solves the following everyday small-business accounting needs: Supports up to 3 simultaneous users in a data file.

Small Businesses 94

Small Businesses Credit and Collections Transactions 94

Your Virtual Credit Manager

MARCH 12, 2024

As a result, trade credit, where businesses extend financing to customers, is undergoing rapid advancements, but it also poses high risks, especially in assessing creditworthiness, dealing with economic fluctuations, and fraud. Are there past due accounts you are trying to collect? it just might help them pay you sooner!

AR Transformation 100

AR Transformation Credit and Collections Accounts Receivable (AR) Order to Cash 100

Your Virtual Credit Manager

AUGUST 6, 2024

Extending credit is standard practice if you are selling to other businesses. In the world of business-to-business (B2B) commerce there aren’t many situations where you can require payment in advance or upon receipt of goods or services. Extending credit is therefore a risk versus reward equation.

Bad Debt 100

Bad Debt Credit and Collections Accounts Receivable (AR) Credit Risk 100

Your Virtual Credit Manager

JULY 23, 2024

It usually only takes about six months to figure out the segment into which a new business customer will fall. Once each customer’s payment proclivities are known, assigning appropriate monitoring and collection strategies is easily done, thereby ensuring adequate collection coverage. that’s nearly a 30% discount!

Credit and Collections 130

Credit and Collections Accounts Receivable (AR) Shared Service Center Small Businesses 130

Fundera

DECEMBER 2, 2017

I save them a ton of time getting ready for small business tax preparation by working as a middleman between them and their tax preparer. In this role, I try to make small business tax preparation as painless as possible for everyone! Small Business Tax Preparation Tip #2: Stay up-to-date.

Small Businesses 91

Small Businesses Credit and Collections Shared Service Transactions 91

Your Virtual Credit Manager

MAY 16, 2023

When a commercial account wants to buy your product, chances are they will want credit terms. Business credit, also known as trade credit, facilitates the flow of goods and services between business trading partners. Credit evaluations prevent more bad debts than collection efforts.

Bad Debt 100

Bad Debt Credit and Collections Default Small Businesses 100

Due

APRIL 15, 2024

America’s small businesses face unprecedented challenges. Small business bankruptcy filings increased 78% over the past year, driven by impending changes to bankruptcy law and ongoing uncertainty about the overall economic outlook. As a business owner, you indeed wish things could be easier.

Small Businesses 84

Small Businesses Bankruptcy Credit and Collections Business Bankruptcy 84

Lendio

APRIL 23, 2024

For small businesses, understanding the basics of ACH is important on two fronts: you can make and receive payments through ACH, and ACH is a common method funders use to collect repayment of a business cash advance. What are Automated Clearing House (ACH) transactions? How do ACH payments work?

Transactions 52

Transactions Small Businesses Electronic Funds Transfer Credit and Collections 52

Your Virtual Credit Manager

SEPTEMBER 10, 2024

To optimize the order-to-cash (O2C) process, it's crucial to understand the significant role Credit and Collections plays. Photo by Jay Heike on Unsplash ) What happens during the O2C process, however, apart from credit and collection activities, can have an outsized impact on cash flow and AR performance.

Credit and Collections 130

Credit and Collections DSO Deductions Accounts Receivable (AR) 130

Your Virtual Credit Manager

APRIL 25, 2023

Inevitably you will need to initiate collection activities; in other words, start requesting past due customers pay what they owe your firm for goods and/or services provided on credit terms. What are the other tasks that will not get done or be delayed because of the time you devote to collections?

Credit and Collections 130

Credit and Collections Past Due Invoices Collector Deductions 130

Lendio

DECEMBER 14, 2022

Even as a small business owner with no revenue and no credit (or bad personal credit), you might be able to find a startup business loan. Getting A Business Loan With No Credit. Reviewing previous credit history and checking your credit scores helps lenders predict risk.

Credit Scoring 98

Credit Scoring Credit and Collections Credit Reporting Agencies Small Businesses 98

Fundera

FEBRUARY 2, 2019

PayPal Small Business Solutions. Payment Processing – Credit and debit card processing on web, mobile, and in-person. Business Financing – Obtain loans specially designed for PayPal sellers. PayPal Credit – Allow customers to pay over time for goods and services. Photo credit: PayPal.

Small Businesses 67

Small Businesses Credit and Collections Transactions Credit Card Payments 67

Fundera

DECEMBER 18, 2017

As a small business owner, it’s wise to cover some expenses with a business credit card so that you’re able to build up your business credit. So, how can you avoid the high percentage rates and annual fees collected by creditors? How could you make the most of your business line of credit?

Small Businesses 62

Small Businesses Credit and Collections Transactions 62

Your Virtual Credit Manager

OCTOBER 2, 2024

Who absorbs any potential bad debt loss — does the lender have recourse to return the AR if they cannot collect it versus a non-recourse arrangement? Who performs the Credit & Collection activities — you or the finance company? Your Virtual Credit Manager is a reader-supported publication.

Past Due Invoices 130

Past Due Invoices Credit and Collections Deductions Accounts Receivable (AR) 130

Fundera

MAY 31, 2017

PayPal has evolved too, with a variety of options for helping small business owners with online and offline transactions. It’s turned into a robust suite of payment solutions for small businesses and large enterprises alike. PayPal Business Account Features. Payment Processing. Mass Payments .

Small Businesses 67

Small Businesses Credit and Collections Transactions Credit Card Payments 67

Fundera

AUGUST 1, 2017

Maybe you’re worried that your credit is too low to qualify for a small business loan. Or perhaps you’re afraid of damaging your credit when lenders pull your score. Whatever the reason, you want to know whether or not you can find a small business loan with no credit check. The short answer?

Small Businesses 63

Small Businesses Credit and Collections Credit Scoring Transactions 63

Fundera

MAY 9, 2018

That also means that this list of the best business apps isn’t exhaustive, so you may be wondering why your go-to app for small business didn’t make the cut. For small businesses, Evernote is an especially useful tool for organizing and sharing personal agendas and brainstorming with colleagues. When I Work.

Small Businesses 92

Small Businesses Dashboards Transactions Credit and Collections 92

Your Virtual Credit Manager

JANUARY 3, 2023

Over time, AR Ledgers unfortunately tend to collect “Clutter.” Clutter can also cause new orders to be placed on a credit hold when it otherwise would have been automatically released. Please share this newsletter with your small business customers. it just might help them pay you sooner!

AR Automation 130

AR Automation Collector Credit and Collections Bad Debt 130

Fundera

FEBRUARY 16, 2016

Invested in technology, data analysis, and special algorithms, startups began to capture the small business market previously ignored or denied by banks. And since the financial crisis, when credit tightened more than ever, these small business owners have been heading to the newest online lenders instead of their local banks. .

Small Businesses 76

Small Businesses Credit Scoring Credit and Collections Investment Firms 76