Behind the numbers and spreadsheets of everyday business, unapplied cash is a quiet disruptor that often goes unnoticed until it starts creating real problems. It’s not as visible as unpaid invoices or as flashy as revenue milestones, but it’s an area that deserves attention. Understanding unapplied cash and taking steps to reduce or clear it… Continue reading Unapplied Cash: Why It Matters and How to Handle It
Tag: financial reporting
What Is a Bad Debt Reserve and Why It’s Important for Businesses
In the world of business, not every sale turns into cash. As much as we’d like to believe that every customer will pay on time, or at all, reality often proves otherwise. This is where the concept of the bad debt reserve comes into play. It’s a critical accounting practice that many companies use, but… Continue reading What Is a Bad Debt Reserve and Why It’s Important for Businesses
The Hidden Power of Accrual: Why It’s the Unsung Hero of Good Accounting
If you’ve ever peeked into the world of accounting, chances are you’ve heard the word “accrual” thrown around. Maybe it sounded complicated, overly technical, or like something only big corporations worry about. But here’s the thing: accruals aren’t just accounting jargon. They’re actually one of the most important tools for making sure your financial records… Continue reading The Hidden Power of Accrual: Why It’s the Unsung Hero of Good Accounting
Mastering MBR for Collections Teams: Strengthening Internal and Client Collaboration
In the world of collections, managing overdue invoices is not just about sending reminders or making calls. It requires a structured approach, clear communication, and continuous performance tracking. One of the most effective tools for ensuring efficiency in collections is the Monthly Business Review (MBR). An MBR serves two critical functions: A well-executed MBR ensures… Continue reading Mastering MBR for Collections Teams: Strengthening Internal and Client Collaboration
