Categories
Resources for Accountants

Best Practices for Days Payable Outstanding [Video]

Best Practices for Days Payable Outstanding

A higher DPO is usually a good thing. By waiting longer to pay its suppliers, a company can put the cash to alternative uses and require less capital to finance inventory.

But sometimes a lower DPO is better. By paying suppliers early, a company can get discounts and avoid late fees. The company will also maintain good relationships with suppliers and not be subject to credit restrictions and harsh payment terms.

Thus, a company’s goal should be to optimize DPO as a high (or low) DPO isn’t always better.
A company can optimize its DPO with:

• Better A/P processes
• Better recordkeeping
• Better payment terms
• Better payment timing

This video discusses these 4 ways to optimize DPO in more detail.
—
Edspira is the creation of Michael McLaughlin, an award-winning professor who went from teenage homelessness to a PhD. Edspira’s mission is to make a high-quality business education freely available to the world.
—
SUBSCRIBE FOR A FREE 53-PAGE GUIDE TO THE FINANCIAL STATEMENTS, PLUS:
• A 23-PAGE GUIDE TO MANAGERIAL ACCOUNTING
• A 44-PAGE GUIDE TO U.S. TAXATION
• A 75-PAGE GUIDE TO FINANCIAL STATEMENT ANALYSIS
• MANY MORE FREE PDF GUIDES AND SPREADSHEETS
* http://eepurl.com/dIaa5z
—
SUPPORT EDSPIRA ON PATREON
*https://www.patreon.com/prof_mclaughlin
—
GET CERTIFIED IN FINANCIAL STATEMENT ANALYSIS, IFRS 16, AND ASSET-LIABILITY MANAGEMENT
* https://edspira.thinkific.com
—
LISTEN TO THE SCHEME PODCAST
* Apple Podcasts: https://podcasts.apple.com/us/podcast/scheme/id1522352725
* Spotify: https://open.spotify.com/show/4WaNTqVFxISHlgcSWNT1kc
* Website: https://www.edspira.com/podcast-2/
—
GET TAX TIPS ON TIKTOK
* https://www.tiktok.com/@prof_mclaughlin
—
ACCESS INDEX OF VIDEOS
* https://www.edspira.com/index
—
CONNECT WITH EDSPIRA
* Facebook: https://www.facebook.com/Edspira
* Instagram: https://www.instagram.com/edspiradotcom
* LinkedIn: https://www.linkedin.com/company/edspira
—
CONNECT WITH MICHAEL
* Twitter: https://www.twitter.com/Prof_McLaughlin
* LinkedIn: https://www.linkedin.com/in/prof-michael-mclaughlin
—
ABOUT EDSPIRA AND ITS CREATOR
* https://www.edspira.com/about/
* https://michaelmclaughlin.com

Watch/Read More
  • Tags

Most Popular Posts Today

Negotiation skills: How to Bargain and Negotiate [Video]
►
Categories
Resources for Accountants

Negotiation skills: How to Bargain and Negotiate [Video]

Bargaining and negotiation are essential skills in both personal and professional life. Whether you're haggling for a better price at a market or negotiating a job offer, mastering these skills can save you money, build stronger relationships, and help you achieve your goals. In this guide, you'll learn the art of bargaining and negotiation in a second-person style, making it easy for you to put these techniques into practice.Get free business and management guides, tools, and worksheets at: https://www.bizmove.com

  • Tags
Investing vs Trading – Which is Better? (Top Differences) [Video]
►
Categories
Resources for Accountants

Investing vs Trading - Which is Better? (Top Differences) [Video]

In this video tutorial, we will talk about the top key differences between investing and trading.What is Trading?Trading is aimed at earning quick profits by holding on to stocks for a short period of time (such as weekly, monthly, daily).What is Investing? Investing involves a gradual building of wealth and assets by buying and holding on to a portfolio of stocks for a time period that may sometimes reach even 10 to 15 yrs.Some other key factors that differentiate between investing and trading are:- Method/approach involved.- Time factor.- Risk factor.#investingvstrading #wallstreetmojo #tradingvsinvestingFollow us at : Youtube ➤ https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUwLinkedin ➤ https://www.linkedin.com/company/wallstreetmojo/Facebook➤ https://www.facebook.com/wallstreetmojoInstagram➤https://www.instagram.com/wallstreetmojoofficial/

  • Tags

Most Popular This Week

All about Stock halt- Easy Explaination- Part 1 [Video]
►
Categories
Resources for Accountants

All about Stock halt- Easy Explaination- Part 1 [Video]

In this video, you will learn about stock halt, its rules, and how it is triggered.#stockhalt #stockmarket #wallstreetmojo #stockexchange #regulatorChapters:00:00 – Introduction00:35 – What is the stock halt?01:29 – Rules02:17 – Triggers of stock halt02:48 – ConclusionWhat is the stock halt?A stock halt is a scenario where the exchange halts trading in a particular stock for some time.It may be done when a regulatory action is imposed, important news is being anticipated, or a particular stock is just being bought or sold excessively.(Explained in detail in the video)RulesWhen a stock is halted for trading, it is coded with an identification number like T1, T2, T5, H10, etc.When the situation arises for halting trading in a particular stock, the exchange announces a halt to all brokers.Triggers of stock haltIf the stock price fluctuates up and down due to high volatility, then the exchange will either halt the trading, or the circuit breakers will be activated.Trading halts have been put into place so that a select group of individuals with significant capital does not manipulate prices to their whims and fancies.This will be all for this video. Subscribe to the channel, like the video, and share it with others.==========================================================================Subscribe to Our Channel –Youtube https://www.youtube.com/channel/UChlNXSK2tC9SJ2Fhhb2kOUw?sub_confirmation=1LinkedIn https://www.linkedin.com/company/wallstreetmojo/Facebook https://www.facebook.com/wallstreetmojoInstagram https://www.instagram.com/wallstreetmojoofficial/Twitter https://twitter.com/wallstreetmojo

  • Tags