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

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

Accounts receivable (AR) is typically a debit balance, representing money owed to a business by its customers. However, in some cases, AR can have a credit balance. This might seem confusing at first, as accounts receivable is normally considered an asset. Let’s explore how a credit balance can occur in AR and what it means

Invoice financing has become an essential tool for businesses looking to manage their cash flow more effectively. By leveraging unpaid invoices to access immediate funds, companies can maintain liquidity and continue their day-to-day operations without waiting for long payment terms to close. Poll results In our most recent LinkedIn poll, we asked our followers which

Cash flow problems can disrupt even the most well-established businesses. They often arise unexpectedly, leaving companies struggling to meet financial obligations like paying suppliers, employees, and maintaining operations. Understanding how these issues come up is crucial to avoiding them and managing finances effectively. Common Causes of Cash Flow Problems Cash flow problems can arise from