Insights
Why You’re Not Getting Paid (Yet): The Impact of Institutional Budget Cycles on Receivables Collection
Bureaucracy, Not Bad Debt Unlike commercial buyers who can cut a check when they want, institutions operate on rigid fiscal calendars that govern when and how payments can be made. Your receivable might be clean, approved, and even scheduled for payment—but still sit unpaid for weeks or months. Understanding these cycles is critical to collecting...Read more→
Calculating Bad Debt Reserves
In most companies, calculating Bad Debt Reserves is not a super-complex affair, but should be approached with a consistent methodology from period to period. Generally Accepted Accounting Procedures (GAAP) requires that a Bad Debt Allowance (BDA), which is a forecast – an estimate of future bad debt write-offs, vs just directly writing off bad debts as...Read more→
Leib Joins the Smyyth-Creditek Companies
We are proud to announce that Leib Solutions LLC has become one of the Smyyth companies, joining Smyyth LLC, Creditek, Carixa, and Credit2b.Com, all leaders in their respective fields of B2B credit, collections, deductions and accounts receivable management, offering expert outsource services and best-in-class technology. For information, contact Carl Torban, Chief Operating Officer.Read more→