Gaviti

NOVEMBER 21, 2024

Many businesses underestimate the importance of their accounts receivable (A/R) process, assuming they’ll “get paid eventually.” This mindset often leads to underinvestment in collections efforts, and when budget cuts are necessary, accounting departments like collections are typically the first affected. However, maintaining a steady cash flow is essential for business survival, and efficient collections directly impact the bottom line.

Automated Cash Application 96

Automated Cash Application Credit and Collections Cash Applicator Deductions 96

Accounting Department

NOVEMBER 21, 2024

In the dynamic business world, financial strategy plays a pivotal role in determining success. But what if your small or medium-sized business (SMB) can't afford a full-time financial executive? Enter CFO Support Services —a game-changer for SMBs and startups alike. This blog uncovers the essence of a CFO support service provider, the immense value they bring, and why your business might need one.

Small Businesses 67

Small Businesses 67

FundThrough

NOVEMBER 21, 2024

Attributes 263% Revenue Growth to supporting small businesses with consistent cash flow to survive the COVID-19 pandemic and thrive in the years following. Toronto, Ontario, November 21, 2024 — FundThrough today announced it ranked 415 on the Deloitte Technology Fast 500™, a ranking of the 500 fastest-growing technology, media, telecommunications, life sciences, fintech, and energy tech […] The post FundThrough Ranked Number 415 Fastest-Growing Company in North America on the 2024 Deloitte

Small Businesses 59

Small Businesses 59

Due

NOVEMBER 21, 2024

The traditional strategy of exclusively investing in stocks is scrutinized as multiple indicators suggest a potential shift in optimal investment approaches. Current market conditions and expert forecasts point to the need for a more diversified investment strategy supported by significant market indicators and expert positions. Warren Buffett’s Conservative Position A notable signal comes from Warren Buffett’s current investment stance.

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Plooto

NOVEMBER 21, 2024

When you run or manage a small business, having the right accountant can be a lifesaver. They can support you in areas that you don’t have the time for or expertise in, from reconciling your books to understanding where your cash flow stands.

Small Businesses 52

Small Businesses 52

Due

NOVEMBER 21, 2024

Valenti’s Bakery LLC has been fined $385K by government regulators for safety hazards in its New Jersey workplace. U.S. Department of Labor dove deep into the bakery’s inner workings to find that safety concerns that had lingered from a previous investigation in 2023 had still not been resolved. The Occupational Safety and Health Administration (OSHA) initiated the follow-up inspection in May 2024 after the regulators were not provided with evidence of progress on the hazards.

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Due

NOVEMBER 21, 2024

A California physician has pleaded guilty to million-dollar healthcare fraud in Los Angeles. Lilit Gagikovna Baltaian is the person at the center of the guilty plea. Their crime, which took place over the best part of a decade, infringed on the United States Medicare program. Baltaian was investigated by the Human Services Office of Inspector General (HHS-OIG) and the Federal Bureau of Investigation (FBI) for $1,449,050 in damages resulting from fraudulent Medicare claims.

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Cpcmcredit Blog

NOVEMBER 21, 2024

My opinions on disclosure of commissions were the subject of my earlier post but it has been interesting to see how lenders have reacted to the recent well publicised FCA ruling As you might expect, the lenders who have a stake in the car finance market have been the most reactive (or perhaps “jumpy”) but aside from one lender, who has taken a surprisingly aggressive approach, the market has been muted Its worth emphasising that i’m entirely in favour of disclosing my commissio

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Due

NOVEMBER 21, 2024

The holiday season is upon us, and one of the year’s biggest shopping days is here. Black Friday used to be the weekend after Thanksgiving — but it’s already started. Black Friday, with online and retail stores offering door-busting deals, extended shopping hours, and irresistible promotions, it can be easy to spend too much. According to Capital One Shopping , American consumers spend almost $10 billion on Black Friday shopping online; combined with in-store sales, U.S. retail

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Emagia

NOVEMBER 21, 2024

What is a Balance Statement? A balance statement, commonly referred to as a balance sheet, is a financial document that provides a snapshot of an entity’s financial position at a specific point in time. This essential accounting tool serves several critical purposes in both personal and business financial reporting. The balance statement effectively outlines the assets, liabilities, and equity of an individual or business, thereby presenting a comprehensive overview of its financial health

Deductions 40

Deductions Credit and Collections 40

Due

NOVEMBER 21, 2024

The hope is that by retirement, you’ll have enough wealth accumulated and enough streams of revenue established that you won’t have to worry about money for the rest of your life. However, many retirees eventually find themselves in the position of needing more income. What are you supposed to do if you need more retirement income when you’re already well into retirement?

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Emagia

NOVEMBER 21, 2024

Introduction to Account Reconciliation Account reconciliation is a critical process within the realm of accounting and financial management, serving to ensure that the financial statements of an entity accurately reflect its economic activities. The reconciliation definition in accounting encompasses the comparison of two sets of records to identify discrepancies and confirm that the figures align correctly.

Transactions 40

Transactions Invoice Amount Deductions 40

Credit Tools

NOVEMBER 21, 2024

The 2,000 customer mark has been crossed by My DSO Manager, representing more than €154 billion in receivables managed over 12 months and more than 25,000 users!

DSO 40

DSO 40

Emagia

NOVEMBER 21, 2024

Introduction to Financial Reconciliation Financial reconciliation is an essential process in maintaining the integrity and accuracy of an organization’s financial records. It involves comparing two sets of financial data to ensure they match and identifying any discrepancies that may exist. This process is crucial for verifying the accuracy of financial statements, managing cash flow, and complying with regulatory requirements.

Transactions 40

Transactions Retail Companies Credit Risk 40

Emagia

NOVEMBER 21, 2024

Introduction to Payment Methods In today’s financial landscape, the evolution of payment methods has transformed the way individuals and businesses conduct transactions. Understanding the different terms associated with these methods is crucial for making informed choices regarding personal and professional finance. Among these payment options, Automated Clearing House (ACH) transfers and direct deposits have gained significant prominence.

Electronic Funds Transfer 40

Electronic Funds Transfer Transactions Credit and Collections 40

Emagia

NOVEMBER 21, 2024

Introduction to the Accounting Equation The accounting equation serves as a cornerstone of financial accounting and is integral to the double-entry bookkeeping system. This equation may be expressed as Assets = Liabilities + Equity, illustrating that a company’s resources, or assets, are financed by debts, referred to as liabilities, and the owners’ equity.

Transactions 40

Transactions Deductions 40

Emagia

NOVEMBER 21, 2024

Introduction to Accounting Principles Accounting is often referred to as the language of business, serving as a systematic approach to recording, analyzing, and interpreting financial information. This discipline plays a pivotal role in the functioning of businesses, regardless of their size or industry. By meticulously tracking financial health, accounting enables organizations to understand their economic condition, facilitating informed decision-making.

Credit and Collections 40

Credit and Collections Transactions Bankruptcy 40