What is the distinction between debtor and creditor?
The Fair Debt Collection Practices Act (FDCPA) is a consumer law designed to protect you from deceptive and abusive debt collection practices. While debt collection agencies may have already contacted you, you have protection against unlawful actions by these companies....
Agriculture + Farming Accounting + Consulting Services
The government adheres to their time frames when it comes to classifying animals into maturity groups. If livestock is born late, early, or out-of-season, they run the risk of not being compliant with the government’s livestock age standards. If you don’t carefully plan...
Write-Off vs Write-Down: What’s the Difference in Accounting?
To view important disclosures about the Experian Smart Money™ Digital Checking Account & Debit Card, visit experian.com/legal. Use Experian Boost® to get credit for the bills you already pay like utilities, mobile phone, video streaming services and now rent....
Accounts receivable aging definition
Continuing with our aging schedule listed above, let’s assume the company estimates the following percentage weightage of bad debts for each category. Aging of Accounts Receivable is a report that details how long an invoice has been unpaid. There are some segments in the...