In this article, we outline the typical timelines for paid invoices using results from our latest poll. Invoicing is a critical part of any business. However, one of the biggest challenges many companies face is the time it takes for invoices to get paid. Slow payments can significantly impact cash flow and create additional stress […]
Paid Invoices: How Long Does It Take For Businesses To Get Paid? Read More »
Working capital is a critical financial metric that influences a company’s day-to-day operations and long-term financial health. In simple terms, working capital refers to the resources a company needs to fund its short-term obligations and operational needs. To better manage cash flow and liquidity, it’s essential to understand the main components of working capital. 5
A Simple Breakdown of the 5 Components of Working Capital Read More »
Calculating the days in accounts receivable (AR) is key to understanding how long it takes for your business to collect payments after making a sale. This metric, often referred to as Days Sales Outstanding (DSO), helps assess your company’s efficiency in converting sales into cash. Managing AR days well is crucial for maintaining a healthy
How to Calculate Accounts Receivable Days for Better Cash Flow Read More »
In today’s digital age, businesses have a variety of methods to send invoices to their clients. With technology advancing, traditional approaches like mailing invoices by post are becoming less common, while digital platforms are rising in popularity. Poll results In our most recent LinkedIn poll, we asked our followers how they send invoices to their
Do You Still Send Invoices By Post, or Have You Switched to Digital Solutions? Read More »
The Continuous Transaction Controls (CTC) model is becoming increasingly prominent in e-invoicing processes worldwide. As more governments look to tighten tax controls and ensure real-time visibility into business transactions, the CTC model has therefore emerged as a solution to streamline compliance and minimise fraud. What is a CTC Model? The CTC (Continuous Transaction Controls) model
How the CTC Model is Revolutionising E-Invoicing Read More »
In accounting, understanding balances is key to managing your financials effectively. One such concept is a debit balance in accounts payable, which might seem counterintuitive at first since accounts payable typically have a credit balance. Let’s break down what it means, why it happens, and how it impacts your business. What is a Debit Balance
