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Understanding the concept of ‘Accounts Receivable – AR’

In simple terms, it is part of the accounting system that records any products or services that has been delivered or used by the customers (individuals or corporations) but not yet paid to the company.

Depending on the company’s practice which is also based on the industry standards, Companies can deem the receivables as lines of credit or one-time payment from their customers.

Account receivables are part of the sales ledger which is normally records by the account department that includes the sales which the company has made, the amount of money received for goods or services and the amount of money which is owed by the customers.

As long as the payment for the good and services is not paid or paid partially, it will be deeming as the term “Account receivable” to the company and “Account payable” to the customer.

Another good example is a when an employee is hired by the company to do a specific task of work as agreed in the contractual term mentioned in the employment contract.
The individual will perform his or her duties first and will be paid the “receivables” also known as paycheck or salary in common terms.

Companies will constantly monitor it’s account receivable and follow up with customers which has not paid the agreed amount if not it will go to bad debt and will be considered as Loss to the company’s balance sheet.

Thus, account receivable management is crucial factor and knowledge that companies will need to learn and adapt. In order to ensure a good cash flow and minimum bad debt to the company’s balance sheet.

Debt collection agency goes global

In this quarter of 2015 we have noticed that there are many companies going global. One popular industry is taking up pace and is going global and that is debt collection. Debt collection agencies are going global because of the need for reclaiming back money, or also known as debt recovery.

The world is going into a debt mode. You can see financial institutions cutting down the credit limit of credit cards. Banks are cutting down the amount of money to be loaned and companies are reducing the credit terms for services rendered. All this is because of cash flow with the current economy.

With the need of collecting money for sustainability, debt collection is a common trend. Internet has bridge companies across countries together and services can be rendered globally. Products can be shipped internationally and money can be wired into any bank in any part of the world in just seconds.

In Debt collection Singapore, we have see these debt companies being global debt collectors because of the grant issued by the Singapore Government known as Market Readiness Assistance. This grant also known as MRA actually helps companies in Singapore to expand overseas and giving it monetary support to companies who expands overseas.

With debt collection companies growing, they help improve company cash flow as they recover the debts. The only thing I see is there is no government body now that regulates this.

What are your views to debt collection agencies?

It is time we break out of the SEO Shelter

Search Engine Optimization (SEO) has come to make its popularity since it started about 10 years ago. In the past when we talk about SEO, nobody seems bothered about it. People will just say, why do I need the internet to do advertising. It was an age of the yellow pages and the Green Book. Those days where you want to look for something you will go to a CD type directory of services or pick up a free copy of the World’s Leading Yellow Pages to find a services.

 

But time have changed since and its already 2015. Gone of the days of the traditional media and now internet is taking over it. The only major player in the market when it comes to internet marketing is Google. Google is not only a powerful search engine, but also a source for useful information which we can find it online. We simply just have to Google it. A common term used nowadays when hunting online.

 

Because of the popularity of the internet, many companies have come online and having a web presence is a must for any business to succeed. If you are not online and do not have a website, then you will be missing out potential traffic and traffic means business. It’s like you owning a retail shop front and having visitors to your shop. With va flood of visitors, you will get sales, but if there is no visitors, of course you will just get an egg for the day.

 

Being online doesn’t simply mean you have a website, you will need to set your presence right as well, you will need to be everywhere and easily found for be it your products or services might be a niche (small market competition) or a mass produce product or services. Having said so, there are 2 ways which this can be accomplished. You could either do online advertising, also known as Search Engine Marketing (SEM) or Pay Per Click (PPC).

 

SEM, or PPC works by having an advertisement listed on the search engines and you only pay when someone clicks on the ads. This is a fast way to see yourself online but it’s also an expensive way. On average, 1 click is about $2.00 in year 2015 and having a traffic of 100 visitors a day to your website will means you will need to pay about $200 a day. And that is only for just one single keyword. What if you have a range of services and products and you have up to 10 keywords or even 50. You will go bankrupt before you even make money spending on advertisements.

 

Keywords are words we type in the search engines to search for something, if you are selling mobile phones, then your keywords will be mobile phones, hand phones, portable phones etc.

 

Another method of having an online presence is optimizing your website for positive search results. This is what we call SEO. SEO is a method of optimizing your website structure, content and building quality links to your website so that you can achieve top rankings in the search engines for your keywords. There is no high cost to pay and there is no limit to the number of clicks you can get. You do not need to pay anything for clicks and all traffic you get is entirely free.

 

Imagine the cost savings you will get should you have like a 50 keywords list; the amount of savings is substantial to pay off a new house or a brand new BMW or Jaguar premium car. SEO has gain popularity gradually over the past years and it’s the most common topic online.

 

At Bronze Media, we have specialize in SEO and that is why we are able to perform undercover seo services to seo agencies around the world. We have been working under cover for SEO companies and helping their clients to rank on page 1 of the Giant search engine. It’s been 3 years and we have decided to come out and to serve you directly. Reducing your cost in branding and online presence and achieve top ranks.

 

Our SEO Services are currently available in Singapore, Philippines, China, Malaysia and USA (America). Bronze Media is a Singapore based Branding, Marketing & Communications company which specialized in local SEO services. All SEO works are done in-house and in Singapore and we never outsource any work to other countries. (Outsourcing agencies from India, please do not approach us) you can find out more about us at www.bronzemedia.com.sg

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