Contributor Network Tue, Apr 24, 2012 10:42 AM EDT Print Having walked into a situation in which I was charged with the handling of a major organization’s accounts receivable that largely hadn’t been dealt with for several months, I know just how important keeping this aspect of a company’s finances organized can be. Letting accounts receivable stagnate even for just a week or two — let alone months — had me scrambling to keep up. But I found that once I caught up with them, if those that accounts were kept in an organized manner, and I maintained them on a regular basis, it made things much simple to manage. Here’s how I organized my accounts receivable in five easy steps. Review and Learn Accounts Getting accounts receivable into order likely won’t happen overnight. Especially if you’re stepping into a situation in which you aren’t familiar with all or even any of the accounts, it can take time to get to know your way around.
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Guide to the Private Account Receivable Financing in the competitive Financial Markets. Courtesy of Universal Business Structured Solution.
Over the same time span, we looked for a 5% increase or better in quarterly sales and at least a 5% decrease in accounts receivables. To further whittle down the list, we added the following criteria: market capitalization greater than $300 million, long-term debt totaling no more than 60% of total capitalization and projected annual profit growth of 5% or greater over the next three to five years. On the valuation end, all companies have latest visit this site 12-month price-to-earnings ratios below 25 and price-to-sales multiples below their five-year averages. We ran a similar screen in May 2002. As of yesterdays close, that batch of stocks was up 25% versus a 1% price gain for the S&P 500 index. Its Nice To Be Loved, But Its Better To Get Paid Prices as of Oct. 21.
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Useful Metric: Accounts Receivable
The accounts receivable turnover ratio is calculated by dividing a companys sales by its accounts receivable, (sales/accounts receivable). The ratio is also an indication of a companys financial liquidity. The lower the ratio, the greater a companys liquidity.
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Accounts Receivable Turnover Ratio
Any accounts receivable over 90 days might be not financeable, or financeable at the greater discount. There are numerous players In the Account Receivable Financing Industry. Most of them are generalists and have no industry preference, some have a very narrow specialty dealing, with only for example medical or construction receivables. Benefits of Account Receivable Financing 1. Quicker Funding Accounts Receivable Financing provides a company with an immediate opportunity of converting credit sales into immediate cash flow for the business. By getting outstanding invoices or receivables monetized, company is able to get money in the quickest way possible and gain immediate access to working capital for the business. 2. No Equity Dilution Unlike Mezzanine or Venture Capital, funding of Accounts Receivable does not require the relinquishment of the company’s equity.
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Hardscape products, which are projected to achieve the fastest growth through 2017, can be used Landscape design to create the patios, walkways, edging, and walls that form the basis of outdoor rooms. Other products, such as outdoor heating elements, will also exhibit strong gains. Environmental concerns to favor permeable pavers The ongoing development and introduction of landscaping products that are environmentally friendly will also boost growth. For example, permeable pavers for hardscaping are rapidly gaining popularity over ready mix concrete due to their ability to reduce water runoff. In addition, drought conditions in many parts of the country have resulted in water restrictions, leading to greater use of synthetic turf, hardscaping, and potted plants instead of water-intensive grass lawns. Among decorative products, smaller water features and pondless types are seeing advances due to reduced water usage, and lighting provides vital energy savings over previous generations of outdoor lighting.
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And, according to the staff memo, it may be necessary to redesign and build a new foundation for particular pieces. Finally, the memo noted, The center of a two-lane roundabout would be a difficult area to remove and install art on an annual basis. The memo, prepared by Town Manager Jay Harrington and Public Works Director Larry Ballenger, contains an estimate of $15,000 to $20,000 to install irrigation, do the landscaping and install a foundation for the artwork or artworks in question. The costs would be shared between the town and CDOT, with the town assuming any expenses for installing the foundation and the artwork, Harrington told the Post Independent. In other action, the trustees will: Review a $133,580 contract to hire the Clarion Associates LLC to work on turning out a Unified Development Code.
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Mortgage Rates Cool Down to 4.37 Percent
Sent! A link has been sent to your friend’s email address. 2 To find out more about Facebook commenting please read the Conversation Guidelines and FAQs Mortgage rates dip as taper fears subside Ben Mitchell, USA Today 12:25 p.m. EDT July 18, 2013 Rates on the 30-year mortgage fell from their two-year high to 4.37% after concerns over the Fed relaxing its bond buying program began to ebb.
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Bernanke sees need for backstop for mortgage market
home loans. To fill the role they have played in ensuring a flow of housing credit in good times and bad, the senators would create a government backstop that would kick in times of stress after private creditors had absorbed large losses. A separate draft bill unveiled by Republicans in the House would also Reverse Mortgage River Oaks wind down Fannie Mae and Freddie Mac, but it would put much sharper curbs on government guarantees. Bernanke said that if lawmakers created a system in which the government was offering guarantees, they should ensure that the government is appropriately compensated. He also said they should make sure that firms that are repackaging mortgages into securities for investors hold enough capital to avoid taxpayers getting stuck with losses.
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“Rising asset prices are theoretically creating a wealth effect that will hopefully spill over into the real economy,” Leclerc said. “To keep this momentum going, assume easy money days are not over.” Before the Senate Banking Committee on Thursday, Bernanke said the Federal Reserve is watching mortgage rates and home affordability. “There’s still a significant part of the population that is having difficulty accessing mortgage credit,” Bernanke said. Frank Nothaft, Freddie Mac’s vice president and chief economist, said, “Indications of a slowing in the economic recovery also placed downward pressure on mortgage rates.” Nothaft pointed to consumer sentiment, which fell to a three-month low in July. On Monday, the Commerce Department reported retail sales in June grew by only 0.4 percent, half of the market consensus forecast.
Read the rest here: Mortgage Rates Cool Down to 4.37 Percent
The exact credit score needed to qualify changes with time, so borrowers will need to check with their lender to see what the actual score required is. Also, those applying for VA loans will need a Certificate of Eligibility, or COE. Eligibility may sometimes take a while to prove, so borrowers should start this process as soon as they can. Although circumstances can certainly vary from person to person, for most veterans and active-duty service members, the VA loan program is a great choice for a mortgage. Those eligible should take a look at their finances, talk with their lender, and if they decide it is right for them, apply for their COE as early as possible.
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Student Loan Rates to Double — Will You Pay $2,600 More?
Sen. Tim Kaine (D-Va) denounced the government’s inability to prevent this week’s huge spike in student loan rates. (Official Senate Photo) Loading… By William Callahan The Senatefailed to lower certain student loan rates this week, meaning some students returning to campus in the fall could end up paying double the interest rate they used to. Senate Democrats proposal would have left the rates on government-subsidized Stafford student loans at 3.4 percent for another year, giving legislators time to come up with a long-term fix for the system.
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