With recourse factoring, you’ll be held responsible if your clients fail to pay the factoring company. This type of factoring often requires a personal guarantee, but may come with lower fees and higher cash advances. The factoring company takes on more risk with non-recourse factoring, so rates tend to be higher — and advance rates …
Accounts Receivable Factoring: What is Factoring Receivables? Read More »
Today, MM remains the standard abbreviation for millions throughout the banking and accounting professions. In my experience analyzing data from top financial institutions, I estimate 90% or more use MM based on samples of hundreds of documents and reports. As a data analyst who works closely with the finance industry, I‘ve always been fascinated by …
MM Million Meaning, Examples, Conversion & Notations Read More »
The application also offers top-notch integration with other CS Professional Suite applications that increase functionality tremendously. GoSystem Tax RS offers an excellent selection of help and support options, with users able to access help files from any screen in the application. A variety of online tools and resources are also available to users through the …
2018 Review of GoSystem Tax RS From Thomson Reuters Read More »
While it is impossible for firms to predict the future, financial forecasting in financial management helps them hedge against worst-case scenarios by providing predictions for such uncertain events. It involves an analysis of the company’s past performances, such as sales, expenses, cash flows, and more, to deduce any possible trends and accounting forecasting techniques patterns. …
It can be defined as the total number of dollars that a company would have left if it liquidated all of its assets and paid off all of its liabilities. Plus, errors are more likely to occur and be missed with single-entry accounting, whereas double-entry accounting provides checks and balances that catch clerical errors and …
Accounting Equation Overview, Formula, and Examples Read More »
