How to better work with receivables and how to encourage debtors to meet the agreed payment deadlines. This is addressed by both entrepreneurs and accountants. In addition, the situation of each company will be different - some will not want to ask for prepayment or an advance, others will want to cope on their own, without involving extrajudicial debt collection companies, others will rely on the customers' sense of responsibility. We have compiled recommendations that could

A company can choose to sell a product or provide a service and receive payment for it later, which means that the company has a debtor. If the debtor does not make payment on time, the company incurs additional costs related to debt recovery, and if the debt is not recovered, it must pay additional corporate income tax (CIT). How to successfully monitor debtors to avoid such a situation? Full article available: https://ifinanses.lv/raksti/gramatvediba/gramatvediba/lv-iespeja

Many people either fear the word “control” or are quite indifferent to it. In practice, accounting control is necessary for a company to be aware of accounting processes and to be able to get a full picture of the benefits. It also provides additional motivation for employees and managers. Full article available: https://ifinanses.lv/raksti/gramatvediba/gramatvediba/lv-gramatvedibas-kontroles-pasakumi/25878