Commercial Collections Blog

How Accounting Helps with Cash Flow Forecasting

How an Accounting Department Should Assist in Cash Flow Forecasting:

1. Prepare forcasted balance sheets, income statements and cash-flow statements plus ratios-analysis to be compared to bank covenant requirements.

2. Forecasting net income and determining a dividend and distribution policy meeting the needs of stockholders and creditors.

3. Prepare projected financial statements if seeking to obtain additional financing.

4. Restructuring loans and negotiating increases in their lines of credit.

5. Developing a plan to enable the company to continue current operations and retire outstanding debt.

6. Developing a Business Plan for use in obtaining financing.

Debt Collection News

  • Debt Collection Agency Celebrates National Skills Accreditation Award

    January 18, 2018
    London, UK -- (SBWIRE) -- 01/18/2018 -- Lancashire headquartered Federal Management are celebrating their recognition as the most highly accredited Debt Collection Agency in the United Kingdom, following the attainment of their National Skills Academy accreditation within the financial services ...
  • Mayor calling in almost $2million in unpaid rates

    January 18, 2018
    SOUTH Burnett Regional Council mayor Keith Campbell is asking property owners with unpaid rates to arrange a payment plan. In November last year, the council contracted debt collection agency, Recoveries and Reconstruction, to recover $2.44 million in overdue rates. At this month's council ...
  • Debt Collection Agency Celebrates National Skills Accreditation Award

    January 18, 2018
    As the first debt collection agency to achieve this prestigious award, Federal Management are rightly leading the way within private and commercial debt ... Already holding the ISO 9001 accreditation, alongside the Investors in People award and Collectors accreditation award from the Credit Services ...
  • NY AG Asks Court To Force Debt Collector To Hand Over Docs

    January 18, 2018
    Law360, New York (January 17, 2018, 10:45 PM EST) -- The New York Attorney General's Office on Wednesday asked a New York federal court to force a debt collection company and its owner to turn over financial documents, business records and other information that the agency is seeking in its suit ...
  • What's driving Prairie Village to outsource its court collections?

    January 18, 2018
    Prairie Village officials are considering hiring a private collections agency to track down unpaid court fines, reducing the need for the municipal court to ... courts across Kansas and was one of the few companies that can collect money from defendants directly and use the state's Debt Setoff program.
  • Is this the year Iowa finally bans traffic cameras?

    January 18, 2018
    Days before Christmas, Cedar Rapids sent out 221,000 notices urging people to pay their traffic camera fines or else face a penalty and be turned over to a debt collection agency. Some of those citations were many years old, according to the Cedar Rapids Gazette. "I think part of the problem in my mind ...