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• When is a Debt Statute Barred? Author : IRS Collections

  Published on : February 6, 2021
  

  There are provincial Statutes of Limitations on when you can sue, or litigate, a debt in different provinces. In the US the Statutes of Limitations for different states can be anywhere from 3 to 15 years. Whether you are lending or collecting, it is wise to be aware of the Statutes of Limitations in the states or provinces where your customers reside.

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• Business Trends in 2021 Author : IRS Collections

  Published on : January 7, 2021
  

  It is easy to see that many business process changes, or trends, made because of Covid will remain in 2021 and beyond in Canada. For many companies Covid has been a real eye opener and many of the changes will become permanent

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• Debt Collections and Covid Author : IRS Collections

  Published on : December 7, 2020
  

  Covid has had a major impact on debt collections in the travel, restaurant and tourism related industries such as accommodations and entertainment.

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• Land Ownership Transparency Registry Author : IRS Collections

  Published on : November 3, 2020
  

  At the end of this month the Province of BC is implementing a new Land Owner Transparency Registry, which is aimed at reducing money laundering through real estate transactions.

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• DSO - Days Sales Outstanding Author : IRS Collections

  Published on : October 3, 2020
  

  Why You Should Know Your DSO

  DSO, or Days Sates Outstanding, is a performance benchmark for accounts receivable. The DSO of a company's receivables reveals what your company can expect in the near and long term future with your cash flow. The turnaround speed, in days, of your company's receivables is a thermometer for the health of your AR department and credit policies. It is super easy to calculate your DSO.

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