Daily Sales Outstanding (DSO) is an important financial metric that shows how long it takes for a company to collect payments after making a sale. It measures the average number of days it takes for invoices to be paid. A lower DSO means faster collections, while a higher DSO indicates delayed payments. For businesses managing… Continue reading Understanding DSO and Its Impact on Accounts Receivable Collections
Category: Career and Ambitions
Understanding Accounts Receivable and the Art of Timely Collections
Accounts receivable (AR) refers to the money a company is owed by its customers for goods or services that have already been delivered but not yet paid for. It represents outstanding invoices that a business expects to collect within a specific time frame. Efficient AR management is critical because delayed payments can cause cash flow… Continue reading Understanding Accounts Receivable and the Art of Timely Collections
Understanding Incoterms: A Guide to International Trade Rules
When businesses buy and sell goods internationally, they need clear rules to define who is responsible for transportation, insurance, customs duties, and potential risks. This is where Incoterms (International Commercial Terms) come in. These standardized trade terms, established by the International Chamber of Commerce (ICC), help buyers and sellers avoid confusion by clearly outlining their… Continue reading Understanding Incoterms: A Guide to International Trade Rules
A Summer to Remember in Dublin
In the summer of 2018, I found myself in the heart of Dublin, Ireland, on a two-month business trip that seamlessly blended professional responsibilities with personal celebrations. July and August became a transformative period for me, not just in assisting colleagues through a crucial transition but also in exploring the vibrant landscapes and rich culture… Continue reading A Summer to Remember in Dublin
