Your Virtual Credit Manager

APRIL 30, 2024

Payment Terms define when a customer is supposed to pay your invoice for the products and/or services your firm provided. at your expense, using your cash. For many industries the “norm” is 30 days from invoice date (Net 30), but there are many variations. Some, such as food distributors, may offer as few as 7 days (Net 7), while other industries require payment on a specific day of the month for all purchases made anytime during the previous month (e.g., Net 10th Prox).

Credit and Collections 100

Credit and Collections Accounts Receivable (AR) Credit Risk Bankruptcy 100

Due

MAY 1, 2024

Over the past 18 months, the stock market has been nothing short of a rollercoaster ride for investors. Fear has once again gripped the market, and the trend over the past month has been anything but friendly. The S&P 500 index is down by 6%. Four significant events are on the horizon that could either make or break the current trend. View this post on Instagram A post shared by Taylor Sohns – CFP®, CIMA®, MBA – Finance (@lifegoalinvestments) The ‘Magnificent Seven’ a

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blue dot counseling

APRIL 27, 2024

Accountants & bookkeepers let themselves be constrained by the standard chart of accounts in Xero. But see it as a starting point, not a fait accompli. The post Build a useful Xero chart of accounts appeared first on Blue Dot Consulting.

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Plooto

MAY 3, 2024

What led you to join Plooto, and what has your journey been like since then? As someone who majored in Economics, I was always interested in working in fintech. When I was looking for startups to apply to, the name Plooto kept coming up. Plooto is well known in the Toronto startup space, and I thought the company would be a good fit.

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Abrigo

MAY 2, 2024

Boost your small business lending efforts from the bottom up Small businesses play a crucial role in our economy, and one of the critical factors in their success is access to funding. You might also like this guide for smarter, faster small business lending. DOWNLOAD Takeaway 1 Your loan policy sets the tone for the institution's approach to risk appetite, risk tolerance, lending philosophy, and organization of the lending function.

Small Businesses 88

Small Businesses Credit Risk Credit Unions CECL 88

Due

MAY 3, 2024

The Federal Reserve, the central banking system of the United States, recently issued a warning that has sent ripples through the financial world. The message, delivered by Jerome Powell, the Chair of the Federal Reserve, was a stark reminder of the potential economic challenges ahead. The market’s reaction was swift and severe, with a 1.5% sell-off occurring in the last 31 minutes of trading on the announcement day.

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Accounting Department

MAY 3, 2024

We are thrilled to announce that Episode 18 of our podcast, Beyond the Books , is now live and ready for your listening pleasure.

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Reorg Blog

MAY 3, 2024

This Reorg Court Opinion Review considers the WeWork disclosure fiasco, J&J’s proposal for a prepackaged LTL 3.0, rejection of creditor lockups in Gol and an interesting private sale in Casa Systems.

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APRIL 27, 2024

The iconic bell of the New York Stock Exchange (NYSE) has been a symbol of the financial world’s rhythm for the past century. Every Monday through Friday, at precisely 9:30 a.m. and 4:00 p.m., the bell rings to signal the opening and closing of trading. This bell doesn’t just dictate when you can buy and sell stocks, a practice engaged in by 58% of American households, but it also shapes people’s lives and schedules.

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Lendio

APRIL 30, 2024

Given the potential impact financing can have on your business, you need to find the best place to get a small business loan. Lendio reviewed the largest SBA lenders and national banks to find the ones with the best small business loan options. Let’s look at some of the prime bank options available to you. US Bank : Best for smaller loan amounts. US Bank offers a specialized business “quick loan”, which is a term loan from $5K to $250K with terms of up to 7 years and no origination fee.

Small Businesses 97

Small Businesses Credit Scoring 97

Accounting Department

APRIL 30, 2024

Fyle provides a software solution that empowers small businesses to effortlessly access their corporate credit card transaction data, granting them enhanced insight into employees' expenditures in real time. This software seamlessly integrates with the accounting tools of small businesses, automating the retrieval of expense data and relieving finance teams from the burden of manual transaction input.

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Transactions Small Businesses 67

biz2credit

APRIL 30, 2024

Small businesses are the backbone of the American economy, generating roughly two out of every three jobs in the country, according to the Small Business Administration (SBA). Each year, National Small Business Week (NSBW) celebrates this contribution and generates awareness and appreciation for small businesses across the U.S. If you’re a small business owner, National … Continue reading "How to Celebrate National Small Business Week" The post How to Celebrate National Small Busines

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Small Businesses 59

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MAY 1, 2024

When we think of financial freedom, images of opulence, luxury, and worry-free living often come to mind. However, the true essence of financial freedom lies not in extravagant wealth but in having sufficient savings, investments, and cash on hand to support the lifestyle you desire for yourself and your family. It’s about living free from the constant anxiety of financial hardship and having the freedom to make choices that enhance your enjoyment of life.

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Lendio

APRIL 30, 2024

*All information included in this article was current on its publication date and is subject to change. Because business credit cards don’t require collateral and are easy to use and apply for, they’re a very common way for small businesses to secure a boost of funding. If you’ve ever applied for a personal credit card, you know you need to input your Social Security number (SSN), a unique 9-digit number that identifies you as an individual with the United States government, including the Intern

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Credit Card Companies Dashboards Small Businesses 94

Chaser

APRIL 30, 2024

Late payments are one of the biggest challenges to steady cash flow and predictable revenue for businesses. Although you may do your best to stay on top of invoicing and billing, outstanding accounts receivables ultimately hinder your profitability.

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Credit Management Group UK

MAY 1, 2024

Question One: We have obtained a Default Judgment against one of our customers, however the customer now wants us to remove the judgment and accept payment in instalments. We would prefer to get paid the full amount immediately. Where do we stand? Answer: If the debtor pays the full amount of the judgment debt to you within 30 days of the date of the Judgment, they can apply to have the Judgment removed from their record, to do this you will need to confirm to the court you have received payment

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Credit Management Default 61

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APRIL 29, 2024

As a business leader in this economy, you know that the best way to retain top talent is not to lose it in the first place. Anything you can do to reduce employee turnover and preserve institutional knowledge counts as a win these days. You also know or are slowly finding out, that retaining talented employees requires an “all of the above” approach.

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Deductions Small Businesses 75

Lendio

APRIL 30, 2024

A significant 23% of small businesses surveyed use artificial intelligence (AI) with 39% stating they plan to adopt AI. Small businesses are finding innovative ways to harness AI’s abilities, from streamlining marketing efforts and enhancing customer communication to optimizing inventory management. Read on to learn more about how AI can benefit your small business.

Small Businesses 59

Small Businesses Credit Card Companies Transactions 59

Reorg Blog

MAY 3, 2024

Johnson & Johnson subsidiary LLT Management LLC announced a prepackaged plan of reorganization today that it says would resolve all current and future ovarian cancer claims related to J&J’s Baby Powder and Shower to Shower talc products.

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FundThrough

MAY 3, 2024

What is Accounts Receivable Financing? Accounts receivable financing (another term for invoice factoring) is a financing approach where businesses sell their outstanding invoices to a financing company at a discount. This transaction provides them with immediate cash flow, essential for maintaining operations, investing in growth, or managing unforeseen expenses.

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Transactions 52

Due

MAY 2, 2024

I don’t usually talk about my parents in my writing, but in this case, it helps to bring up their story as a couple. Both my Mom and Dad were hardworking, but my mother had the job that paid more in our family. She worked at Pacific Bell for 30 years, while my Dad worked as a security guard and a mailman in the blue-collar Mission District of ’70s and ’80s San Francisco (yes, that once existed, you techies).

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Credit and Collections 64

Lendio

APRIL 30, 2024

Running a small business often means navigating a financial landscape where debt is vital to growth and sustainability. However, managing business debt can be a double-edged sword. On one hand, it offers liquidity and can fuel expansion; on the other, it can be a significant financial burden if not managed properly. Understanding when to use business debt.

Small Businesses 59

Small Businesses 59

Reorg Blog

MAY 3, 2024

This Reorg Court Opinion Review considers the WeWork disclosure fiasco, J&J’s proposal for a prepackaged LTL 3.0, rejection of creditor lockups in Gol and an interesting private sale in Casa Systems.

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biz2credit

MAY 3, 2024

If you’re in need of financing for your small business, but you’re not sure how much funding you need and don’t want to pay interest on money you don’t use, a business line of credit might be right for you. A business line of credit is a flexible financing option that is analogous to a … Continue reading "How to Get a Business Line of Credit: A Comprehensive Guide" The post How to Get a Business Line of Credit: A Comprehensive Guide published first on.

Small Businesses 52

Small Businesses 52

Due

MAY 3, 2024

Google’s decision to lay off hundreds of U.S. employees in favor of cheaper international alternatives and AI is likely to spark further headcount reductions. The company, owned by Alphabet, made the decision ahead of a quarterly earnings call. The findings from that call had been incredibly positive, boosting the stock value and the sale of Google technology and devices globally.

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Grit

MAY 3, 2024

Owners of eCommerce stores may easily create their stores and turn a profit more quickly thanks to B2B process automation platforms. Fortunately, BigCommerce integrates with a wide range of apps, so your options are virtually limitless, even though they are unable to provide every feature. It’s true that there are a ton of possibilities in BigCommerce’s app store, and it’s easy to become lost.

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Dashboards 52

Reorg Blog

MAY 3, 2024

Johnson & Johnson subsidiary LLT Management LLC announced a prepackaged plan of reorganization today that it says would resolve all current and future ovarian cancer claims related to J&J’s Baby Powder and Shower to Shower talc products.

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Credit Tools

MAY 2, 2024

In the tumult of digital technologies increasing the efficiency of credit managers and credit analysts, the venerable financial analysis remains the judge of the peace for the evaluation of a company.

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Credit Management 52

Due

MAY 3, 2024

In the complex world of human relationships, two roles often emerge that individuals unknowingly slip into: the victim and the rescuer. While these roles may seem to offer a sense of security and validation, they can actually lead to a damaging cycle of codependency, stunting the growth and happiness of both parties involved. This article explores the dynamics of these roles, the concept of codependency, and the journey towards healthier relationship patterns.

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Chaser

MAY 2, 2024

Assessing how credit departments receive late payments can help them determine the efficiency of their collection methods. Metrics such as days sales outstanding (DSO) , and average days delinquent (ADD) can help them know their current position and areas they need to improve on.

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Average Days Delinquent Days Sales Outstanding DSO Credit and Collections 52