Receivables Articles

Accounting » Receivables | By Tristan Andrews @ Wednesday, 27th February 2008 @ 7:15 AM

Debt collection agencies are often a viable option for receiving payment on overdue bills. Here you can earn how debt collection agencies work and what to look for in reputable debt collections agencies. Using outside collection agencies to pursue delinquent accounts may seem distasteful, sometimes even downright objectionable. You may be picturing Tony Soprano, baseball bat in hand, using unprofessional means to harass struggling debtors. As a creditor, when you hire an collection agency... more...

Accounting » Receivables | By Andrew Stratton @ Thursday, 24th January 2008 @ 5:13 AM

The smart business owner strives to spend his or her time working on business rather than in the office handling daily operations such as payroll. A payroll service can help any size company but especially a small business or medium one because this is a job that can be outsourced to experienced, qualified professionals, saving you precious time to work on revenue producing activities. You can choose to spend less time consumed with these in-office tasks and more time concentrating... more...

Accounting » Receivables | By Andrew Stratton @ Thursday, 24th January 2008 @ 5:09 AM

The smart business owner strives to spend his or her time working on business rather than in the office handling daily operations such as payroll. A payroll service can help any size company but especially a small business or medium one because this is a job that can be outsourced to experienced, qualified professionals, saving you precious time to work on revenue producing activities. You can choose to spend less time consumed with these in-office tasks and more time concentrating... more...

Accounting » Receivables | By Terry Cartwright @ Thursday, 10th January 2008 @ 2:28 AM

Undoubtedly the best credit control initiative is to arrange the sales invoicing such that customers pay up front for goods and services. Despite care taken to exercise credit checks on new customers the actual payment experience is often more valuable in practise. New clients can be asked to pay in advance by issuing pro forma sales invoices for the initial orders until credit checks are complete. In businesses which involve the supplier incurring costs prior to invoicing such as purcha... more...

Accounting » Receivables | By Art Gib @ Friday, 28th December 2007 @ 11:56 PM

There have been a number of security breaches in recent years where credit card companies have found data missing -- stolen from a breach in the security systems. In the advent of these occurrences a general standard across the board was brought to the table by major credit card companies VISA and MasterCard. PCI DSS, or Payment Card Industry Data Security Standard, is a standard guideline that credit card payment handlers refer to when dealing with sensitive credit card payment informati... more...

Accounting » Receivables | By Ajeet Khurana @ Thursday, 6th December 2007 @ 4:53 PM

If you want to make your business a success, a steady flow of revenue will be essential. Without a steady flow of money your business will stall and ultimately sink into debt and hard times as you live from payment to payment. But there are ways to ensure that you manage your receivables effectively. Read on to learn about some ways of accomplishing this. All the bills and invoices that you have sent out constitute your receivables. This expected payment from customers and clients will b... more...

Accounting » Receivables | By Ajeet Khurana @ Tuesday, 31st July 2007 @ 9:41 PM

Every business functions of the basis of sales and payments. It is not possible to run a successful venture if debts are not recovered. There is no place for charity when it comes to business. Hence, there should be strict measures to recover the money that lies pending with a number of clients. There are difficulties involved in trying to recover one's debts. And red tape is seen even in the best of business organizations of the modern world. Yet, as a business organization, you can... more...

Accounting » Receivables | By Ajeet Khurana @ Tuesday, 22nd May 2007 @ 11:14 PM

If one were to reduce business to the simplest terms, one would probably call it the selling of goods by one person, and the buying of those same goods by another. Thus, whether we pay cash or run up a tab while doing business, money has to change hands during the course of a business transaction. Accounts receivables is one such type of a business transaction. It refers to the way of dealing with amounts of money that are owed to a business by its customer. On the balance sheet of a comp... more...

Accounting » Receivables | By T J Madigan @ Monday, 5th March 2007 @ 10:22 PM

Medical billing. This is probably not the first time youve heard of this word and you pretty much have a basic idea what the phrase connotes. However, one thing you should know is that most people have the wrong idea of what is medical billing in reality. Often, what is medical billing is equated with what is medical transcription or what is medical coding when in fact, the three are as separate and as distinct from each other as night and day. While its true that all three of them are s... more...

Accounting » Receivables | By Kurt Clark @ Monday, 13th November 2006 @ 3:59 AM

Are you wary about fighting a denial on your medical billing claim? Don't be. Sometimes medical billing claims are denied for legitimate reasons and other times a claim that should have been approved might be denied payment. Once in a great while your staff may miscode an item because they simply are not up to date on the CPT and ICD-9-CM rules and just plain old human error will factor in now and again. Appealing a claim you feel should have been reimbursed is the way to maximize ... more...

Accounting » Receivables | By Ruben Soliman @ Thursday, 29th June 2006 @ 4:46 AM

Whether you’ve got a few bad debts that need to be collected or a noticing that non-payment seems to be a trend for your customers, getting a collection agency on your side will set things into motion immediately. Here you’ll find some essential reactive and proactive steps you can take to ensure that your business doesn’t lose money because of your customer’s unwillingness to pay. Send a 10 Day Demand Letter Customers make decisions about which companies they need to pay right away ... more...

Accounting » Receivables | By Ruben Soliman @ Sunday, 25th June 2006 @ 3:16 AM

One of the reasons small businesses write off a great deal of loss is that they don’t realize how easy and affordably it can be to hire collection agencies to recover bad debt. Developing a success-driven mindset and taking action like your larger competitors is the first step to growing your business. Many of today’s collection agencies are small business friendly and can improve your company’s bottom line drastically with smart solutions for collecting bad debt. Look for collection ag... more...