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Accounts receivable

Accounts receivable accounting for SMEs: 10 tips for optimisation

Accounts receivable is critical for small businesses, as it not only affects the financial health of the company, but also significantly shapes relationships with customers and partners. In a world where liquidity often makes the difference between a thriving business and insolvency, it is essential to implement effective accounts receivable management. This accounting discipline encompasses all processes relating to the management of trade receivables - [...]

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Financial accountant vs. tax consultant: who needs what?

In the world of financial accounting, there is often confusion about what services a financial accountant and a tax accountant each provide and who actually needs what. Whilst both professions play a central role in finance, their roles and responsibilities differ significantly. This differentiation is particularly important for companies that want to manage their financial obligations efficiently. So let's take a closer look at the differences between a financial accountant and a tax advisor

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From reminders to compulsory enforcement: a brief guide to receivables management

Receivables management is a crucial part of any successful business strategy. In a world where non-payment and late payments are commonplace, it is essential to implement clear processes and systems to manage receivables efficiently. From the first payment reminders to enforcement, there are many steps in receivables management that need to be carefully thought through. A well-structured dunning process and effective accounts receivable management can not only help to protect a company's liquidity, but can also be used to minimise the risk of default.

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A guide to sustainable receivables management in small companies

Effective receivables management is particularly important for small companies and SMEs. When it comes to securing liquidity and minimising payment defaults, dunning plays a central role. A well-structured debt collection strategy not only helps to manage outstanding receivables, but also strengthens customer relationships through targeted communication and professional payment monitoring. According to a study by Creditreform, around 75% of all companies are affected by payment defaults, which makes the

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