How to track your receivables
Article Abstract:
Systematic procedures for up-to-date monitoring of accounts receivables that aid companies in detecting possible collection difficulties beforehand are the calculation of the dollar impact and the examination of average monthly receivables. The percent of each month's collection should be ascertained as opposed to the total accounts receivable outstanding on the first day of the month, and then contrasting it to previous months. Daily sales outstanding should also be assessed.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
Recent sale: How and why owner got 33 times reported earnings
Article Abstract:
The owner of a distributor of specialized handling and processing equipment sold his company for $1.4 million, 33 times reported net income of $42,000 and 1.5 times reported net book value of $950,000, after adjustment of financial statements. The sale demonstrates the need for companies to accurately adjust their financial statements prior to valuation and divestment of a business.
Publication Name: The Business Owner
Subject: Business, general
ISSN: 0190-4914
Year: 1997
User Contributions:
Comment about this article or add new information about this topic:
- Abstracts: Clinton service plan, loan reform detailed. Health-care reform: Clinton plan cost estimated. Clinton, Dole present reform plans
- Abstracts: An efficient approximation for project composite learning curves. Matrix management effectiveness: an update for research and engineering organizations
- Abstracts: Modelling resource allocation in a decentralized organization with an AI-based, goal-directive model. Using autonomous software agents to create the next generation of decision support systems
- Abstracts: It's the after-tax cash you should be calculating. How second-to-die life insurance saves big premium dollars