Archives: Countly Learning
The Impact of Bill Ageing on Cash Flow and Working Capital
Any business’s lifeblood is its cash flow. Even a successful business might run into problems if money isn’t coming in and going out. And one major element that might interfere with cash flow is the aging of bills. Knowing how bill aging affects your cash flow and working capital is crucial, regardless of whether you […]
How to Create an AR Aging Report for Accounts Receivable
Cash flow is king. If you don’t know where your money’s stuck, you’re in trouble. That’s where an Accounts Receivable (AR) Aging Report comes in. Especially in India, where payment terms can be wild—sometimes you’re waiting 30 days, sometimes 90 days, maybe even 120 if you’re dealing with big corporations or government contracts. Keeping track […]
Breaking Down Bill Aging in Accounts Receivable
Getting paid on time can make or break a business. But let’s face it, payments get delayed all the time, whether it’s because clients are slow, their systems are messy, or they just don’t care. This is where bill aging in accounts receivable comes in. It’s the system that tells you how long invoices have […]
How to Analyze an Accounts Receivables Aging Report: Step by Step guide
An Accounts Receivables (AR) Aging Report is one of those key financial tools that businesses can’t ignore. It shows the status of invoices a company hasn’t yet collected from customers. If you want to keep your cash flow healthy and spot trouble with late payments early, knowing how to read and analyze this report is […]
Strategies for Managing Overdue Payables
Overdue payables can hit your business hard if you’re not careful. If you keep falling behind on paying suppliers, vendors, or creditors, things will get ugly fast. You’ll damage relationships, disrupt your business, and rack up penalties. Managing your payables isn’t something you can put off, and when they’re overdue, you need a plan—now. So, […]
Invoice Accuracy: What It Is, How to Measure It, and Ways to Improve It
The foundation of a company’s cash flow is its invoices, but many people don’t understand how important accuracy is until it’s too late. If you make a mistake on an invoice, you may face late payments, unhappy clients, or even damage to your reputation. What precisely is invoice accuracy, though? How is it measured? Most […]
Invoice, Bill, and Statement of Account: What’s the Difference?
You’ve seen the terms “statement of account,” “bill,” and “invoice” if you own a business. Even though they look alike, they are not the same because they are used for different things. When it comes to money, deals, and taxes, they are very important. What’s an Invoice? An invoice is a formal document that a […]
Credit Terms in India: Decoding Net 30, Net 60, and More
One thing about company is certain: your ability to manage money can make or ruin you. Credit conditions come into play here. In business-to-business (B2B) negotiations, you’ve undoubtedly heard phrases like “Net 30” and “Net 60” bandied about. However, what do they really mean? What’s more, how do they affect Indian businesses? What Exactly Are […]
Timely Invoice processing
Timely invoice processing is critical for smooth business operations. It helps in cash flow, healthy relationships with vendors, and assisting with the problems related to the financial mayhem. Businesses that failed to maintain the process of invoices on time find themselves trouble with the headaches of delayed payments, tensed partnerships, and even face penalties. The […]
Collection Strategy
Any organization must have a strong accounts receivable collection plan. Getting clients to pay on time is essential to maintaining a stable cash flow. Clear invoicing is the first step in the procedure. Customers experience fewer delays when they are aware of exactly what they owe and when. For example, you might send a friendly […]
Handling Late Payments: Effective Strategies for Business Success
Late payments are considered one of the major problems for any business. Handling late payments disrupts cash flow, impacts operations, and damages business relationships with clients. This guide provides strategies for managing late payments and protecting business financial health. What are Late Payments? Late payments happen when any client or customer is unable to pay […]
Creating and Issuing Invoices in Accounts Receivables
Managing accounts receivable (AR) is an integral part of running smooth business. The core of managing accounts receivable (AR) involves the creation and issuance of invoices. The legal and financial step of issuing invoices influences the speed of payment, the cash flow of the business, and the management of taxes. It also helps the businesses […]
Electronic Bill Payment and Presentment
Businesses use Electronic Bill Payment and Presentment (EBPP) to send bills electronically and make it easy for customers to pay their bills online. It makes paying easier for customers by making it easier for them to see and pay their bills. Biller-Direct and Consolidated EBPP methods are the two most popular ways to use EBPP. […]
Vendor Onboarding Process
To run a successful business, acquiring the right kind of method of vendor onboarding plays a great role. For smooth business operations, this process helps suppliers meet your standards with less risk. An efficient onboarding process not only saves your time but also helps businesses to dodge the costly mistakes, develop sustainable relationships, and trust […]
Vendor Payment Terms
Negotiating payment terms with vendors is one of those things every business has to deal with, but few actually master. In India, where cash flow can be unpredictable, getting the payment terms right can save your business from financial headaches. It’s not just about haggling for the lowest price—how and when you pay vendors can […]