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What Are the Steps Involved in Calculating Accounts Receivable?

What Are the Steps Involved in Calculating Accounts Receivable?

by Harikrishnan E N | May 6, 2024 | Blog

Accounts receivable (A/R) represent the money owed to a business by its customers for goods or services sold on credit. It’s essentially a line of credit extended by the company to its customers, who are expected to pay within a specified timeframe outlined in...
5 Reasons Why Accounts Receivable is Considered an Asset

5 Reasons Why Accounts Receivable is Considered an Asset

by Harikrishnan E N | Apr 25, 2024 | Blog

Every business owner juggles incoming and outgoing cash flow. However, the challenge often extends to handling funds that are due but not yet received from customers, known as accounts receivable. The status of accounts receivable as an asset often raises questions....
Boost Collections: Effective Accounts Receivable Management

Boost Collections: Effective Accounts Receivable Management

by Harikrishnan E N | Apr 24, 2024 | Blog

Managing the lifeblood of any business—cash flow—requires a thorough understanding and robust control over accounts receivable management. Despite its crucial nature, many organizations find it challenging to implement effective receivables management due to its...
Debt Management and Collections System: Detailed Overview

Debt Management and Collections System: Detailed Overview

by Harikrishnan E N | Apr 17, 2024 | Blog

Maintaining a healthy financial operation is crucial for businesses of all sizes. A robust debt management and a credit collections system can be instrumental in ensuring this health. When it comes to expertise in this area, First Credit Services stands out, offering...
Exploring Debt Collections: First-Party vs Third-Party Collections

Exploring Debt Collections: First-Party vs Third-Party Collections

by Harikrishnan E N | Apr 6, 2024 | Blog

According to a report by the Federal Reserve, household debt in the United States surged to an all-time high of $16.90 trillion during the period from October to December the previous year, marking the largest quarterly rise in two decades. With the increasing debt,...
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    RMAI Consumer Resources
    This resource provided by the Receivables Management Association International (RMAI) provides information and tools to help consumers make informed financial decisions. take control of their finances, defend against fraud and deception, and more. The calculators section includes valuable tools for estimating retirement, planning debt payoff, building savings, and budgeting. There are also steps for managing finances amidst economic inflation.

    First Credit Services is an omnichannel debt collection agency and BPO company that specializes in accounts receivables management and customer service outsourcing. We have over 25 years of compliant collections and receivables management experience.

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