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
Tracking invoicing is crucial for any business to maintain a healthy cash flow, ensure timely payments, and avoid disputes with customers. With evolving technology, businesses have various methods available for monitoring invoices, ranging from manual processes to advanced e-invoicing platforms. Poll results In our most recent LinkedIn poll, we asked our followers if they track
Tracking Invoicing: Which Methods Are Businesses Using? Read More »
Telecom companies, like many businesses, rely on the order to cash (O2C) cycle to manage their revenue cycle effectively. This process involves several steps, from receiving customer orders to collecting payment. However, for telecoms, the complexity increases due to the variety of services offered, customer contracts, and the need for real-time data integration. Steps To
How Telecoms Can Optimise Their Order to Cash Cycle Read More »
