5 Ways to Manage Accounts Receivable Effectively Before learning the ways to manage accounts receivable effectively, let us understand what it is and why it is important. What Are Accounts Receivable? In accounting terms, account receivable refers to the money that businesses should receive for providing goods and services. They are the major source…
Major Qualifications of a CFO in Hong Kong SMEs Before learning about the qualifications of a CFO in Hong Kong SMEs, let us understand what their role is and how it is changing in the modern business world. What is a CFO? The Chief Financial Officer (CFO) is one of the most important executives…
When to Hire a Virtual CFO: The Ultimate Guide Before we learn when to hire a virtual CFO, let us understand the importance of a CFO in a modern company. The Major Roles of a Virtual CFO Over the last decades, the business world is undergoing rapid transformation and companies are finding it hard…
What is Credit Control? Before understanding the key techniques for implementing credit control, you must clearly understand what credit control means. Credit control is a practice adopted by money lenders like banks and businesses to ensure that borrowers are likely to repay it back in time. This is a process that comes into play after…
Factors That Affect Cash Flow: What You Must Understand Cash flow is one of the primary indicators of your business’s performance. To keep your business functioning, you must know how much money comes in and goes out. Likewise, you must understand your profits and losses, debts, and tax amounts. Similarly, you might want to adjust…