ABC-Amega Articles

The Income Statement – also referred to as the operating statement, profit and loss statement (P&L), earnings statement, or statement of operations – provides a summary of a company’s profit or loss during a specific time period. Together with the

Obtaining customer information is a key factor in collecting delinquent accounts. A credit application can be a valuable asset in gaining such information if all of the pertinent company information is on the customer’s credit application.   Credit Verification Prior to

The Cash Flow Statement – also referred to as a statement of cash flows or funds flow statement – is one of the three financial statements commonly used to gauge a company’s performance and overall health. The other two financial

Cash is King, or at least it should be, for all businesses – no matter the size. Still, many companies focus on profit, rather than on working capital (cash). Profit is important, but positive cash flow is what keeps the

In the current economic and business environment, liquidity and accounts receivable has emerged as a topic of concern. Making sales is important, but collecting on those sales is critical. A recent survey by the Credit Research Foundation showed that 93%

Insist on a Completed Credit Application A common business practice is for companies to use trade credit terms to fill financing gaps. Many creditors fail to appreciate, however, that like a line of credit from a bank, offering credit extensions