How to Create a Customer Credit Policy and Collection Process
A written policy helps a business decide who receives credit, how much is allowed and what happens when an invoice becomes overdue.
Author: Editor
Credit Terms Explained: What “Net 30” Means for Cash and Risk
Selling on credit may win customers, but it also turns completed sales into receivables that must be collected.
New Amsterdam synthetic track nears commissioning
The New Amsterdam synthetic track in Region Six is expected to be commissioned within weeks. Its exact opening date, final certification and project cost remain unconfirmed.
Guyana hosts global aviation-safety forum in Georgetown
Guyana is hosting a two-day ICAO–EASA forum focused on regional cooperation in aviation safety oversight and accident investigation.
Guyana reviews proposals for national fuel-storage network
The government is reviewing a hub-and-spoke fuel-storage network for domestic reserves and possible supply to northern Brazil. No approval, capacity, cost or timetable has been announced.
Stabroek Block reaches one billion barrels produced
ExxonMobil says cumulative oil production from Guyana’s Stabroek Block has reached one billion barrels less than seven years after first oil.
Break-Even Explained: How Much Must a Business Sell Before It Earns a Profit?
Break-even analysis connects price, variable cost and fixed cost to the minimum sales volume a business must achieve.
How to Calculate Your Break-Even Point Before Expanding
Test whether expected sales can cover the fixed and variable costs of a new product, location or investment.
Working Capital Explained: Why Growth Can Create a Cash Shortfall
A company can be profitable on paper and still struggle to pay suppliers, wages and taxes. Working capital explains why.
How to Build a 13-Week Cash-Flow Forecast for Your Business
A short weekly forecast can reveal a cash shortage early enough for management to respond.