Bad debt is the amount of money owed that is not expected to be recovered by a creditor, often arising from the financial challenges faced by customers, such as...
February 8th 2024 Author: Brendan Gilbert
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The Impact of Bankruptcy on Small Businesses
In the world of business, the pursuit of success and profitability are commonly sought-after goals. In the pursuit of growth and prosperity, some small businesses may face an unfortunate...
January 16th 2024 Author: Brendan Gilbert
Dealing with Unpaid Invoices: What to Do If a Customer Doesn't Pay
Every business owner understands the crucial role that timely payments play in maintaining financial stability. In addition to enabling smooth operations, they also contribute to building positive interactions with...
January 9th 2024 Author: Brendan Gilbert
B2B Collections: Best Practices
B2B collections play a crucial role in maintaining the financial health of businesses of all shapes, sizes, and descriptions. Efficiently handling accounts receivable and promptly recovering debts are essential components...
November 28th 2023 Author: Jeremy Crane
Debt collection in construction industry
A lot of companies in the construction industry are small businesses, which often means they are not equipped to manage their finances properly. Many of these companies also face difficulties...
November 21st 2023 Author: Brendan Gilbert
