Articles by Amaya Woods
Allowance for doubtful accounts & bad debt expenses: Calculation
The concepts of allowance for doubtful accounts and bad debt expenses play a pivotal role in portraying an...
Xero integrations: 5 best Xero apps to boost efficiency in 2025
Manual processes at small and mid-sized businesses (SMBs) are costing $600 billion globally. Administrative...
What is dunning? Full guide to how it works in accounts receivable
What is dunning? Dunning is the process of sending reminders and notices to customers who have overdue...
Average collection period formula: ACP formula + calculator
The average collection period (ACP) is a key metric used to measure the efficiency of a company's credit and...
What happens if you lose a debt collection lawsuit?
Facing a debt collection lawsuit is a stressful experience. Many individuals find themselves in this...
How much do debt collectors pay for debt?
In the complex world of finance, debt collection is a significant aspect that affects individuals and...
What happens when a debt is sold to a collection agency?
When unforeseen circumstances lead to financial struggles, managing debt can become a daunting challenge....
What happens if you don't show up to court for debt collection?
In today's world, being in debt is all too common, and navigating the legal system can be overwhelming....
What is a soft credit check? Soft pull vs hard pull
When applying for a business loan or credit card, you may encounter two types of credit checks: soft pulls...
Business credit scores: what they are & where to get yours
A business credit score is a numerical representation of a company’s creditworthiness and financial...
How to ask for payment professionally in message
Asking for payment can be a delicate situation, especially when dealing with clients or customers. Striking...
Early payment discount: what is it & how and when to use it?
In today's fast-paced business environment, managing cash flow effectively is crucial for maintaining...