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Posts Tagged ‘Receivable’

Anyone running a transport business has realized the pain of arranging for ready cash to take care of routine expenses such as fuel, drivers’ wages, etc. On the one hand the transporter would have to extend credit terms ranging from 30 to 90 days to clients while on the other having to pay for all expenses in cash. This puts a lot of pressure on cash flow and could soon lead to a financial drought if the transporter is too over-stretched. While the transporter’s balance sheet might show a very healthy balance due to the ledger balances showing accounts receivables, there is an inevitable delay in receiving payment from clients. The ground reality is that figures on paper are useless when ready cash needed to pay wages to drivers and other employees. Accounts receivable financing companies take care of this problem with various schemes by which a transporter can ‘sell’ his outstanding invoices to these factoring companies, who will pay him almost the entire Read More

Look at the headlines in your newspaper. Environmental concerns are major concerns today and every day: people are worried about the price of gas; scientists and governments are debating the issue of global warming and what to do about it; stories abound regarding solar energy and other alternative energy sources such as nuclear energy, biodiesel fuel production, and energy produced by wind farms. The price of a gallon of gas and how many miles to the gallon a particular car can achieve- both are familiar topics. The quality of our air is reported regularly and in some areas alerts are posted on particularly polluted air days. The purity of our water and whether or not we will have enough water for humans and agriculture are serious concerns. Is it any wonder that world wide concerns regarding our environment are subjects of intense debate today? What are governments and businesses doing about these issues? What is cleantech? According to the Cleantech Group: â??Cleantech is any Read More