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Ways To Ensure That Your Personal Information Is Secure

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Image source: thesmallbusinesssite.co.za For many, personal information is the gateway to finances, medical records, and credit scores. The privacy of these personal information has never been as important as it is today, with most transactions going digital and thus increasing the chances of getting your account hacked, and your money hijacked. Here are some tips on keeping such crucial information secure. One is to protect all your devices with passwords. Along with this is not settling for easy to decipher word or number combinations like your own or another family member’s birthdate. Secondly, be suspicious of any free download offers, as clicking on these could activate a virus or any other malicious software that can get your files erased or shared by hackers. When buying apps for your smartphone or PC, get them only from trusted app stores like Apple Store or Google Play. Never trust third-party sources. Also, there are many similarly named (or clone) sof...
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Learning The Basics Of Accounts Receivable

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Image source: fortiviti.com Accounts receivable is an account that represents the amount of revenue a company has earned but has not yet collected. It is the side of accounting that should have its own department in a business, with dedicated resources toward maintaining, monitoring, and collecting these accounts. Some businesses, however, have failed not because they were not profitable but because they were not collecting on sales, resulting in their cash flow being inadequate. Companies that sell products or supplies to buyers on account generally maintain a balance in accounts receivable. When new sales are made, there is an increase in the balance; when debts are paid, the balance decreases. Sales on account are regarded revenue at the time they are made in accrual-based accounting. When a company makes a sale on account, the balance increases. Cash balance is debited or increased when payments are collected. This is different from accounts receivable where i...
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An Introduction To Business Credit Policies

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It’s normal for potential customers to inquire about credit options when purchasing.  After all, credit is one of the most popular modes of payment.  It’s easy and convenient, and allows consumers to buy pricey items in the absence of cash.  And best of all, payment can be made over a period of time. The only drawback is people tend to spend more when using credit.  And oftentimes, they pay late, which represents losses for businesses.  This is why there is such a thing as a credit policy. Image source: expertbusinessadvice.com A credit policy balances out this system.  It allows consumers to buy things they otherwise would not afford at the moment, while making sure the credit granted is within the consumers’ ability to pay.  This is why companies have strict standards when it comes to credit standing, and meticulous processes in identifying people who have good credit health. A good credit policy is also fair with its limit on credit, ...
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