Your Virtual Credit Manager
APRIL 1, 2025
Photo by Myriam Jessier on Unsplash ) Business decisions require actionable data, especially when credit and collections are involved. The AR Ledger, broken down for every individual customer, contains every open transaction resulting from sales you made, payments received, credit and debit memos issued, etc.
Emagia
DECEMBER 30, 2024
The Role of Debits and Credits in Accounting In accounting, debits and credits are fundamental concepts used to record transactions. Debits (Dr) and credits (Cr) are entries made in account ledgers to reflect changes in value due to business transactions. Mismanagement can lead to misstated revenues and profits.
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Fundera
SEPTEMBER 15, 2016
Note the giant chunk of that pie chart that says “Uncategorized”: these are transactions that have been downloaded, but no one has assigned them to the correct expense categories. I mentioned this in the interface section, but as soon as transactions are downloaded into Freshbooks, they’re assigned as expenses.
Fundera
SEPTEMBER 15, 2016
Note the giant chunk of that pie chart that says “Uncategorized”: these are transactions that have been downloaded, but no one has assigned them to the correct expense categories. I mentioned this in the interface section, but as soon as transactions are downloaded into Freshbooks, they’re assigned as expenses.
Emagia
MARCH 3, 2025
Introduction to Accounts Receivable Process Cycle The Accounts Receivable Process Cycle refers to the systematic approach businesses use to manage credit sales and collect payments from customers. This cycle begins with establishing credit policies and extends through invoicing, payment collection, and account reconciliation.
TreviPay
JANUARY 11, 2023
Simply divide the total number of accounts receivable during a given period by the total value of credit sales during the same period — then multiply that result by the number of days in that period. Number of Accounts Receivables / Number of Net Credit Sales x Number of Days = DSO.
Chaser
MARCH 23, 2023
This is because many customers may pay on credit or require payment terms. For small businesses, significant delays in cash inflows, such as from a large sale, can have a significant impact on a business's ability to meet its financial obligations and cover expenses, such as paying employees or vendors.
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