Collecting account receivables in business

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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Activity rationing in business

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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