When receivables are considered doubtful, companies are required to write them down. This depreciation is recorded as a loss on accounts receivable. It allows the value of the receivable to be realistically reflected in the company's accounts.
Collecting small unpaid debts can be a long and complicated process. Fortunately, there is a simplified collection procedure for debts of less than €5000. In this article we will explain how this procedure works and how an online debt collection agency can make the process easier. What is the simplified collection procedure?
The Intra-Community VAT number: history and explanation The Intra-Community VAT number (VATi) is a fiscal identifier allowing companies to exchange goods and services within the European Union (EU) without paying tax at the border. You often ask yourself the question "how to find the Intra-Community VAT number".
The health crisis has had a significant economic impact on many sectors, including the real estate market. Commercial landlords have been particularly affected by administrative closures, reductions in activity and deferred rent payments. On June 30, 2022, the Court of Cassation issued a decision that shook up the [...]
Trust does not exclude control.
Under this somewhat outdated adage, we can only be pleased that an organization like the DGCCRF - Ministry of Economy, through its controls and publications, can investigate the good and bad practices of #cabinet de #recouvrement and #huissiers!
Unfortunately, cash flow problems are common for small and medium-sized businesses and debt collection by a professional is often neglected. These problems can occur for a variety of reasons, such as unpaid invoices, a drop in activity or unexpected expenses. In these situations, it is essential to analyze the financial health of the company with the help of ratios [...]
One year after the reform of the injunction to pay procedure, LEGALCITY, the online collection agency, wishes to shed some light on the matter.
Between useful adjustments and attempts by bailiffs to maintain their level of remuneration, we look back at a reform that has no effect on the speed of the procedure.
The latest publication of the DGCCRF is out: It concerns its activity of control of the payment periods of the Companies. Legalcity wonders about the efficiency of the "Name and Shame" of the DGCCRF. The DGCCRF is the only one who can practice what is commonly called "Name & Shame".
36% of bills in France are not paid on time.
What can you do about it?
Knowing how to manage unpaid invoices is an important issue and debt collection is an obligation for companies! To help its clients control their collection, BMS Conseil has therefore opted for the QuickBooks France x LEGALCITY SAS combo! Discover the case study:
