Here are the two traditional revenue recognition criteria that must both be satisfied before revenue can be recognized: The seller has to do something, the work, and The buyer has to do something, pay or provide a valid promise to...
So you’ve read our article on some of the costs associated with selling on credit and decided to take the risk. Great! Selling on credit will set you apart from your competition and increase your customers'...
What are the main reasons for selling on credit? Most suppliers allow their credit-worthy customers to defer payment for their purchase. Deferred payment terms exist to allow buyers to store, process, and sell the purchased items before having to pay...
If your company trades goods and/or services on credit, you might often find yourself chasing unpaid invoices. While you might be successful in getting your money back a few times, sometimes you’ll have to ask a professional for help...
There's been a lot of discussions recently on how the old 8-hour workday is about to be a thing of the past. One of the alternatives suggested is to institute a 5-hour workday. Back in February 2015, Sweden asked researchers to...
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