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This post was substantially updated from the one originally published February 28, 2020. Preparing for 2023 Credit unions have a 2023 deadline for CECL implementation, leaving limited time to refine their processes. This timeline will help plan the transition. Get CECL compliant. Learn how with the CECL Streamlined webinar series. REGISTER. Takeaway 1 "Analysis paralysis" and the pandemic put CECL implementation on the backburner for many credit unions.
Ready to apply for financing? Discover the ins and outs of an unsecured business line of credit. Find out how to obtain funding and see the pros and cons. The post Your Ultimate Guide to Unsecured Business Lines of Credit appeared first on Fast Capital 360.
The pressure on Corporate IT teams has been intensifying as new technologies and processes are being adopted in their organizations. The adoption of cloud-based SaaS technology solutions is radically changing the way services are configured, deployed, and scaled. Enterprise data integration remains at the core of every enterprise process implementation on a SaaS platform, and Credit, Collections and Accounts Receivable data are no different.
Your past-due accounts are growing, cash flow is tightening, and the pressure is on. The big question: Do you handle the collections internally or outsource to experts? Both strategies come with advantages and risks - but which one delivers the best impact for your business? In this session we’ll dive deep into the in-house vs. outsourcing debate, examining cost-effectiveness, efficiency, compliance risks, and overall recovery success rates.
FASB Ends TDR Accounting for CECL Users; May Consider Idea to End for Others, Too The FASB's latest Accounting Standard Update creates a single model for measuring and disclosing loan modifications under CECL, eliminating accounting for TDRs. . You might also like this "CECL Streamlined" webinar series. WATCH. Takeaway 1 The FASB is ending CECL requirements that creditors use TDR accounting for certain loan refinancings, restructurings, and write-offs.
Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes with limited collaboration capabilities means teams are using Slack, Teams, productivity tools, phone calls, IMs, and smoke signals to close the books.
Accounting teams rely on email for so much, it’s ridiculous. These teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes with limited collaboration capabilities means teams are using Slack, Teams, productivity tools, phone calls, IMs, and smoke signals to close the books.
Read on for a list of the 8 best business loans to keep the wheels moving for your car dealership or auto repair shop. The post The Best Small Business Loans for Car Dealers appeared first on Fast Capital 360.
It doesn’t matter if you’re in the cloud with apps coming out of your ears or if you’re a 15th century cleric keeping the parish accounts – bookkeeping is all about processes and workflow. The post Am I making the most out of my QuickBooks? appeared first on Blue Dot Consulting.
Your accounts receivable turnover ratio can help you boost your business’s cash flow. Here’s how to calculate and interpret that ratio. The post How to Calculate Accounts Receivable Turnover Ratio appeared first on Fast Capital 360.
The more you accomplish in the office, the better your company’s odds of success. Time management is a major key to productivity, yet it’s elusive for some business leaders. Here are some tips on getting as much done as possible every day. Create Lists. Having a daily roadmap that tells you exactly what to do can be helpful. Before each workweek, write out what you want to achieve and estimate how long each assignment is likely to take.
When you apply for credit, whether that be personal credit (credit card, mortgage, etc.) or business credit, you provide a lot of information to your lender. The information gives the lender great insight into your financial history and condition and allows them to assess your credit worthiness and their risk. This is standard business practice. But do you perform the same due diligence on your prospective lenders?
Every successful business owner needs to know these basic business finance terms and definitions. Read on to become a business finance expert. The post 42 Business Finance Terms and Definitions to Know appeared first on Fast Capital 360.
Accounting teams depend on email to communicate internally with their teams, and externally with customers, sometimes managing four or more inboxes at a time. Managing today’s accounting email inboxes is extremely labor intensive and limiting. This leaves teams needing to use email, spreadsheets, ERP systems, collaboration tools, productivity tools, phone calls, IMs, and smoke signals to close the books.
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