The Best Ways to Prevent Overdue Accounts Receivable and Accounts Payable free essay sample

The best way to prevent overdue accounts receivable is to ensure that all current debtors are current with their individual payments. This can be done in several ways. One option is to have the customer setup an auto payment plan, allowing the company to receive the monies owed automatically over a predetermined length of time. This method usually entails offering the customer a line of credit and is slowly gaining popularity. Another way is to have the customer pay for the entire amount at once, which is the most common way such things are done. In this method the customer pays the full amount at the time the goods or service is received, thus their balance, and the account receivable balance for this transaction, are at zero immediately following the transaction. The third method is for the customer to prepay for the goods or service. This method has the customer pay BEFORE they receive what is being purchased, and keeps the respective accounts at a zero balance for the transaction. We will write a custom essay sample on The Best Ways to Prevent Overdue Accounts Receivable and Accounts Payable or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page A variant of this method is where the customer prepays for part of the transaction, leaving a deposit, paid prior to receiving the service or goods, then either paying the rest in full upon delivery or making scheduled payments of a predetermined amount over the course of a predetermined time line. Using one, or all of these methods in combination can ensure that a companys account receivable is never overdue, and that its outstanding monies owed are paid in a timely fashion. The best way to prevent overdue accounts payable is for a company to enter into agreements with the other companies it does business with, that allow it to either prepay all of its accounts on a regular basis for fixed usage goods and services. For example, prepaying for the twenty-three cases of fax/copier toner used each month. Another way if to setup a line of credit with another company for its services and setting up an auto pay schedule to pay predetermined amounts over a predetermined time frame. Thus this will allow the company to purchase goods and services as needed without the risk of not being able to pay for needed supplies or services. Also the company may engage in a policy of pay as needed goods and services, paying only for goods and services as it uses them or upon delivery. By using all of these methods, a company can ensure that it can preform its daily tasks and duties, without incurring a large amount of debt to other companies. Ideally, the best way for a company to avoid these situations is to ensure that its accounts receivable is taking in more than their accounts payable is required to pay out, basically that the company turns a profit. If the company owes more than it takes in it is failing as a business. If it takes in monies exactly equal to its operating costs, then it is not succeeding, but neither is it failing. When a company turns a profit, it is then that it is considered profitable, and can use the profits to expand its operations and scope, as well as make improvements to its facilities and even hire more staff. Doing this and even opening new locations and expanding their product line and services offered will, granted, incur them more debt, but it will also allow then increased revenue, which will hopefully cause a greater intake of profit, allowing greater expansion. If the company keeps up this profit cycle, then it will eventually turn a large profit, and thus will keep its account receivable and its account payable to profitable balances. Granted this is an over simplification of the process, and in order to maintain its maximum profits, the company will need to ensure it is getting the lowest prices from its suppliers and getting the maximum profit from its customers, but this is the most basic general principle of operating a business. This is possible though business to business negotiations, is easily achievable for any company willing to invest the time to do so. So in closing, through negotiation, smart business practice and expansion a company can prevent overdue accounts.

Sample Argumentative Essay on Legalizing Marijuana

Sample Argumentative Essay on Legalizing MarijuanaSample Argumentative Essay on Legalizing Marijuana is a guide to give all the argumentation and basic details that should be included in your arguments in favor of legalizing marijuana. This document is available as a PDF, Microsoft Word, or as a set of transcripts. The choice is yours.Before starting your Sample Argumentative Essay on Legalizing Marijuana, there are some fundamental points that you must remember. Since this subject is very complex, it is best to prepare for it beforehand and be prepared with your answers to any question. Even though this is an advanced course, you need to go through the whole process of drafting the essay and be sure that your body of work has adequate information. If you make any errors while learning this course, the chances of passing this exam would decrease.The first and most important step to take in learning how to write an essay is to invest time and effort in researching the topic. This will allow you to identify your objective and goals and can help you find the best resource material for your essay. Researching a topic can help you gain the needed information that you will use in your essay.Although writing a formal letter and submitting it to your university or college requires a lot of dedication, writing a persuasive essay requires a little more effort. With a professional, efficient argumentative essay, it is assured that your paper will pass. Here is how to write an argumentative essay. You have to decide on your purpose and targets, list down your different points, identify your sources, organize your information and create your arguments.The next important point that you must consider when writing your Sample Argumentative Essay on Legalizing Marijuana is to state your motive. Make sure that your motive is clear. You cannot start an essay in the middle of one. Write your reasons in the beginning, and follow that up with a conclusion.The next major point is to write your conclusion and make sure that you include all the facts that you have. Again, make sure that your conclusion and the essay are complete before moving to the next part. Check your sources carefully before you finally submit your paper.The last step is to format your essay and proofread it before it is submitted to the exam. You must also follow the rules of grammar, punctuation and syntax. You can make your proofreading more thorough by joining an online course that can help you edit and proofread your paper before submission. There are many sites that offer online courses on essay editing.Once your essay is finished, look at it carefully, and then submit it. This may sound simple, but if you fail to prepare the essay correctly, your essay could not pass.