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So far wgilstrap has created 39 blog entries.

HOW TO DEVELOP A CREDIT POLICY PLAN

[vc_row][vc_column][vc_column_text] INTRODUCTION The Credit Research Foundation estimates that only 20% of credit departments have formalized policies. Many companies struggle to formalize policies due to ad-hoc credit management from salespeople, lack of critical financial information, or

By |2019-08-28T10:05:47-05:00March 2nd, 2017|Categories: Uncategorized|Tags: |Comments Off on HOW TO DEVELOP A CREDIT POLICY PLAN

17 TIPS FOR REDUCING OUTSTANDING ACCOUNTS RECEIVABLE

INTRODUCTION Despite recent advances in technology that have been able to link almost every application together, a majority of businesses are still using spreadsheets and highlighters to manage their accounts receivable. This creates disparate, static

By |2019-08-01T15:18:52-05:00March 2nd, 2017|Categories: Uncategorized|Tags: |Comments Off on 17 TIPS FOR REDUCING OUTSTANDING ACCOUNTS RECEIVABLE

Bill of Lading

If you’re in the transportation and logistics industry, you’ll be pretty familiar with the Bill of Lading. A bill of lading is a contractual agreement with a company and their client. All of the terms

By |2019-10-18T16:01:33-05:00February 17th, 2017|Categories: Accounting Glossary|Tags: |Comments Off on Bill of Lading

Trade Credit Report

Many B2B businesses are offering credit terms to customers in order to purchase products. Especially when a business is purchasing an extremely costly item, allowing customers to pay for a product or service later creates

By |2019-10-18T15:55:12-05:00February 17th, 2017|Categories: Accounting Glossary|Tags: |Comments Off on Trade Credit Report

AP -vs- AR

There are a lot of different terms in the accounting profession that are very unique. You would not find this type of language outside of business and accounting, which means it can become very confusing

By |2019-10-18T15:57:39-05:00February 17th, 2017|Categories: Accounting Glossary|Tags: |Comments Off on AP -vs- AR

Turnover Ratio

In order to keep an eye on how the credit and collections team is doing. This can determine whether a business needs to tighten or loosen their restrictions on offering credit to customers, and can

By |2019-10-18T15:59:47-05:00February 17th, 2017|Categories: Accounting Glossary|Tags: |Comments Off on Turnover Ratio