Because of the many risks involved in the exporting business, it’s important to take strides to mitigate risk. Learn how to protect your business with Allianz Trade.
In the world of business, the term “outstanding” refers to money that is due but has not yet been paid. An “outstanding balance” is a balance that has not yet been settled and is owed to the creditor by the debtor.
What is a bad debt expense and how to protect your business?
Bad debt represents money due to your company which is unlikely to be paid. Tracking and managing bad debt is essential to ensure a company’s financial health.
