Accounting, Accounts Receivable and Cash Collection

Accounting

Accounts Receivable

Cash Collection

Cash collection cycle definition

Accounting Tools

JULY 24, 2023

Related Courses Credit and Collection Guidebook Effective Collections Essentials of Collection Law What is the Cash Collection Cycle? The cash collection cycle is the number of days it takes to collect accounts receivable.

Cash Collection

Cash Collection Collections Accounts Receivable Accounts Receivable

7 Key Accounts Receivable KPIs and Metrics for Managing A/R

Outsourced Bookeeping

FEBRUARY 28, 2023

And in accounting, what could be more difficult and vital than Accounts Receivable? Accounts Receivable – Need for Metrics & KPIs: The information stuck in soloed legacy systems, disorganized processes, manual operations, and inconsistent collection process makes AR vague.

Accounts Receivable

Accounts Receivable Accounts Receivable Account Receivables AR

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7 Key Accounts Receivable KPIs and Metrics for Managing A/R

Outsourced Bookeeping

FEBRUARY 28, 2023

Accounts Receivable

Accounts Receivable Accounts Receivable Account Receivables AR

Webinars

Breaking Ground on Better Payment Processes: Strategies for Construction Pros

The Growth Architect: How Financial Leaders are Unlocking Potential

Avoiding Lease Accounting Pitfalls in 2025: Lessons Learned from Spreadsheet Errors

From Start to Scale: Driving Growth Through Seamless Payments Implementation

Solve Your Firms Automation Complexities Once and For All

MORE WEBINARS

Understanding the Accounts Receivable Cycle - Get Paid Faster!

Nanonets

SEPTEMBER 22, 2023

The accounts receivable cycle plays a crucial role in the financial health of businesses, enabling them to streamline operations, optimize cash flow, and ultimately get paid faster. Accounts receivable refers to the amount of money owed to a company for goods or services already provided on credit.

Accounts Receivable

Accounts Receivable Accounts Receivable Account Receivables AR

Manage Your Cash Flow with DSO and DPO

oAppsNet

NOVEMBER 6, 2024

A lower DSO means faster payment, which translates to healthier cash flow, while a higher DSO indicates that it’s taking longer for your business to receive payments. days to collect payment after making a sale. This can result in cash flow issues, even if your business is profitable on paper.

Cash Collection

Cash Collection Outgoing Payments Collections Invoicing

Collection period definition

Accounting Tools

JANUARY 5, 2024

The collection period calculation does not include the collection period for non-trade receivables, such as advances to employees, since doing so would skew the result of the calculation.

Collections

Collections Cash Collection Accounts Receivable Accounts Receivable

8 Must-Know Best Practices for Client Accounting Services

Jetpack Workflow

JUNE 27, 2023

If you decide to start providing client accounting services (CAS), you may have high hopes of scaling your firm and taking on a more significant role within your clients’ businesses. Still, when properly executed, adding client accounting services can be ideal for firms wanting to establish their expertise further and boost profitability.

Accounting

Accounting Accounting Financial Reporting Cash Collection

Installment method definition

Accounting Tools

JULY 28, 2023

When a seller allows a customer to pay for a sale over multiple years, the transaction is frequently accounted for by the seller using the installment method. An overview of the installment method is that someone using it defers the gross margin on a sale transaction until the actual receipt of cash.

Cash Collection

Cash Collection Accruals Collections Record Keeping

The difference between the direct and indirect cash flow methods

Accounting Tools

OCTOBER 11, 2023

Related Courses The Interpretation of Financial Statements The Statement of Cash Flows What is the Direct Method? Under the direct method, actual cash flows are presented for items that affect cash flow. Related Articles Cash Flow Statement Template Statement of Cash Flows Overview The Purpose of the Statement of Cash Flows

General Ledger

General Ledger Cash Collection Accruals Financial Statements

Debtor days calculation

Accounting Tools

MARCH 27, 2023

Debtor days is the average number of days required for a company to receive payments from its customers. Investment in Collections Staff The amount of money, training time, and technology aids invested in the collections staff correlates closely to the amount of cash collected in a timely manner.

Collections

Collections Cash Collection Accounts Receivable Accounts Receivable

Operating cash flow definition

Accounting Tools

MARCH 2, 2024

In addition, the effects of changes in the various working capital line items on the balance sheet must also be taken into account. For example, an increase in accounts receivable represents a cash outflow, while a decrease in accounts receivable represents a cash inflow.

Financial Statements

Financial Statements Accounts Payable Accounts Payable Accounts Receivable

Cash flow statement direct method

Accounting Tools

APRIL 16, 2023

The direct method of presenting the statement of cash flows presents the specific cash flows associated with items that affect cash flow. Using the direct method may require that the chart of accounts be restructured in order to collect different types of information.

Cash Collection

Cash Collection Collections Reconciling Financial Statements

Understanding the Order to Cash Process: A Simple Guide

Nanonets

SEPTEMBER 22, 2023

The OTC process encompasses a series of steps, starting from when a customer makes a purchase to when the business receives and clears cash for that purchase. Additionally, an optimized OTC process promotes faster payment collection, improves cash flow, and drives revenue growth.

Revenue Cycle Management

Revenue Cycle Management Revenue Cycle Collections Invoicing

Top Integrations in Sage Intacct Marketplace

Nanonets

APRIL 14, 2024

With AI-driven accounting capabilities, HR modules, payroll features, and a wide range of integrations, Sage Intacct supports businesses' needs today while helping them prepare for the future. These tools range from accounts payable platforms to inventory management solutions and everything in between.