Days Payable Outstanding (DPO), or as it’s also called, creditor days ratio (CDR), is an efficient formula that shows how long it takes for a company to repay its suppliers.CDR is used together...
Posts by Andrew
The verification process in double-entry bookkeeping is critical to ensuring data accuracy; bank statement statements and their reconciliation to bank records form an essential part of this...
In our article setting out the Dave Ramsey's baby steps we mentioned in baby step 2 the use of the debt snowball approach to paying off non-home loan debt (often called a mortgage loan). This is the...
The Debtor Days Ratio shows how quickly a company turn the credit sales made into cash. It’s therefore reasonable that the smaller the debtor days ratio, the quicker a company is able to collect...
To take a break from writing our Accounting 101 series, we thought we would look back on our site and see how things have changed over the last seven or eight years. In particular, we wanted to look...
In our personal finance articles, for example our article on watching those expenses, we often talk about Dave Ramsey and the very positive impact he has had on our family's personal finances. If you...