Importance Of Customer Service

Importance Of Customer Service

Customer loyalty, or an organization’s capacity to retain customers over time, is measured by a metric called customer retention. Company growth can soar if you’ve created a killer product and determined your target market. However, it’s critical to...
When Does an Account Become Uncollectible?

When Does an Account Become Uncollectible?

There is always the concern of whether or not you will be paid when offering credit to your clients. If you are familiar with your customers and are confident in their ability to pay, it might not be an issue. However, when your company grows, a flood of brand-new...
Uncollectible Accounts and How to Manage Them

Uncollectible Accounts and How to Manage Them

Uncollectible accounts are receivables that have virtually no chance of being paid. Accounts may become uncollectible for many reasons. Some of these are the inability of debtors to make payments within the due time or failure to make payments altogether. They may...
Difference Between Accounts Receivable & Accounts Payable?

Difference Between Accounts Receivable & Accounts Payable?

Accounts receivables and payable ensure the flow of funds into a business for running operations successfully with profit. This makes it important for businesses to stay on top of payables and receivables to manage their cash flow efficiently. Proper management of...