Understanding DSO

Days Sales Outstanding (DSO) is a widely used method to help evaluate how effective a company is at collecting receivables. This metric is used to measure the average number of days it takes a company

By |May 20, 2017|Accounting Glossary|Comments Off on Understanding DSO

Collections Representative

What is a collections representatives? A collections representative does the brunt of hard work in the accounts receivable department. These are people that are actively calling and emailing accounts to attempt to collect from past

By |March 24, 2017|Accounting Glossary|Comments Off on Collections Representative

Credit Manager

What is a Credit Manager? A credit manager plays a vital role in a business’ accounting and accounts receivable department. If a business works on credit terms with other businesses, the credit manager is the

By |March 3, 2017|Accounting Glossary|Comments Off on Credit Manager

Bill of Lading

If you’re in the transportation and logistics industry, you’ll be pretty familiar with the Bill of Lading. A bill of lading is a contractual agreement with a company and their client. All of the terms

By |February 17, 2017|Accounting Glossary|Comments Off on Bill of Lading

Accounts Receivable Factoring

One of the most important assets of a business is your accounts receivable. Without proper cash flow, you cannot continue to pay for labor, equipment or product and your business will fail. In dire cases,

By |February 17, 2017|Accounting Glossary|Comments Off on Accounts Receivable Factoring

Receivables Document Management

Document management solutions were created for a very simple reason. Businesses realized that having to maintain hundreds of thousands of paper files and important documents was risky. If all documents are stored in a file

By |February 17, 2017|Accounting Glossary|Comments Off on Receivables Document Management

AP -vs- AR

There are a lot of different terms in the accounting profession that are very unique. You would not find this type of language outside of business and accounting, which means it can become very confusing

By |February 17, 2017|Accounting Glossary|Comments Off on AP -vs- AR

Turnover Ratio

In order to keep an eye on how the credit and collections team is doing. This can determine whether a business needs to tighten or loosen their restrictions on offering credit to customers, and can

By |February 17, 2017|Accounting Glossary|Comments Off on Turnover Ratio
Go to Top