Best Practices for Lottery Accounting

Best Practices for Lottery Accounting

Best Practices for Lottery Accounting     Lottery accounting sometimes seems complex because of the constant EFT’s into and out of your account. This guide aims to simplify the process and provide you with best practices to effectively manage and track...
Use Insurance to Improve Your Bank Financing

Use Insurance to Improve Your Bank Financing

Use Insurance to Improve Your Bank Financing     In the fuel world, it’s not uncommon to have a line of credit secured by receivables. While lines of credit can help with cash flow and allow you to take advantage of opportunities, they often have...
Insured vs. Uninsured Assets

Insured vs. Uninsured Assets

Insured vs. Uninsured Assets       For many companies, the chart above shows a typical commercial balance sheet.  Companies don’t think twice when insuring their buildings, equipment, and inventories; however, they often fail to insure their accounts...
A Replacement For Credit Insurance?

A Replacement For Credit Insurance?

A Replacement For Credit Insurance?   While many of our articles focus on companies not using credit insurance, today I’d like to speak to the companies that are currently insuring their receivables. Whether it be Allianz (formally Euler Hermes), Coface, or...
Leverage Insurance to Make Money

Leverage Insurance to Make Money

Leverage Insurance to Make Money   Indulge me for a moment. Imagine if your largest customer didn’t pay you. Maybe they filed bankruptcy or maybe they just couldn’t afford to pay you. Either scenario would have a dramatic impact on your business today and...