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Samples in periodicals archive:
BLACK ENTERPRISE takes a look at three nontraditional sources for raising money: micro-lending, angel investments, and accounts receivable financing.
Under this method, a taxpayer computes its uncollectible amount by multiplying its yearend accounts receivable balance by the ratio of the total bad debts of accounts receivable sustained during the current year and five preceding tax years (adjusted for recoveries of bad debts during the same period) to the sum of the accounts receivable earned (i.
Generally, the current assets of accounts receivable and inventory serve as the borrowing base for a revolving credit facility that can be drawn down and repaid.
The flow of accounts receivable is the lifeblood of every business, and turning the accounts receivable into cash is critical for reducing working capital requirements.
His concern is whether he should contribute his practice's accounts receivable to the new partnership, which will also use cash accounting.
One of the easiest ways to book non-existent revenue is simply to create journal entries debiting accounts receivable and crediting sales.
Mike O'Malley, vice president and regional manager, said, "This $100,000,000 line of credit will distinguish First Capital as the premier provider of accounts receivable and inventory loans in the midwest.
AMEX: DRV), the only company to offer a patented Internet solution for the collection and settlement of consumer finance accounts receivable, announced today that its wholly-owned subsidiary, DRV Capital LLC ("DRV"), has secured a $20 million debt financing facility for the purpose of entering into the distressed accounts receivable purchase market.