FIRST LETTER OF COLLECTION, 29 days after the original due date

This letter has yet to be polite, but boring and simple. In this letter confirming what was promised in previous contact in the call, and remind debtors to pay their promise. TRY THIS:

In our previous conversation, the (day), had suggested that you submit your payment in full. Let’s finish this issue now. Please mail payment in full today. Read the rest of this entry »

An effective collections policy requires some kind of system that gives you the best chance of getting overdue bills are paid, save your business. Let slip late payment can slow the flow of cash and spoil the chances of your company’s collection. how to structure their approach to collections is their choice. The important thing is to have an enclosed system and its use in all accounts to it. The following chart will help you begin designing your own. Read the rest of this entry »

The analysis of financial statements is a set of techniques and tools that allow us to study the situation and prospects of the companies and thus helps us make decisions.

This analysis has two interested public and, on the one hand, allows business managers to define strategies to achieve their economic objectives and, secondly, provides information to external actors interested in the situation and possible evolution of the company in the future, as would the financial institutions, shareholders, suppliers, customers, employees, potential investors or the public administration. Read the rest of this entry »

Mathematically, a ratio is one reason, ie the relationship between two numbers. They are a set of indexes, a result of linking two counts of Balance or Statement of Profit and Loss. The ratios provide information to make sound decisions to those interested in the company, whether their owners, bankers, consultants, trainers, government, etc.

For example, comparing current assets to current liabilities, we will know what is the capacity to pay of the company and whether it is sufficient to account for obligations to third parties. They help determine the magnitude and direction of the changes in the company for a period of time. Fundamentally, the ratios are divided into four main groups.

- Indices of liquidity. Evaluate the company’s ability to meet its short-term commitments.

- Management Indices or activity. Measure the use of assets and net sales compared to total assets, tangible fixed assets, current assets or items that composed. Read the rest of this entry »