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Understanding Debits and Credits: A Cheat Sheet

Understanding Debits and Credits: A Cheat Sheet

If you have been reading the The Debt Books blog for awhile, you might remember our Credits vs. Debits series if not, check out Round 1, Round 2, and Round 3. If you’re new here, we’d like to take a quick moment to revisit the topic. Trying to figure out if an account goes into the Debit or Credit account can get a little confusing, so our Bean Counter has put together quick reference guide to help you keep your credits and debits straight. It helps to think about Debits and…

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Managing Debt Collection for Maintaining a Strong Cash Flow Position

Managing Debt Collection for Maintaining a Strong Cash Flow Position

Managing Debt Collection for Maintaining a Strong Cash Flow Position Whatever is happening in the increase of online business and the growth in cryptocurrency, money is still the lifeblood of any business. Some might see having a large balance on the credit side of the balance sheet as healthy, but a large amount of debt and many debtors impacts the business in terms of cash flow and that reduces the amount of cash available for operations. Chasing debts costs money….

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