Bad Business Debt

Almost every business is carrying bad business debt on their books. As the economy takes a down turn and the mortgage crisis has become such a burden on the economy business debt has increased. In some cases businesses spend considerable money and resources just go get paid for their work and products. In many cases …

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Company performance and activity ratio

Understanding activity ratios is a very important tool for evaluating a company’s performance. Whether interpreting the financial ratios for your company or evaluating another company, it is essential to understand what the activity ratios indicate about a company’s performance. Activity ratios are frequently referred to as efficiency ratios because they measure how efficiently the company …

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The 10 Biggest Mistakes In Managing a Law firm’s Accounts Receivable

The demands of an ever-growing legal profession require law firms to have forward-thinking management strategies to address clients’ needs. Although lawyers’ main priority is – and must be – to deliver quality service, law firms must also build their organizations to support their clients’ evolving demands, by taking steps such as opening international offices, embracing …

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The Matching Principle and Accounts Receivable – Managing Bad Debt

The matching principle plays a key role in helping accountants develop a clear and consistent income statement. The overall goal of the matching principle is to ensure an accurate calculation of the revenues in the period in which the revenues were earned. The expenses then are followed by the revenues, meaning an accurate calculation must …

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