Lisa Turkington

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 […]

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

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

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

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