finance
As a fuel marketer, you’ve probably heard the term, “market technicals” during financial news reports. But what does that term mean, exactly? More importantly, how does it apply to your business, and can it help...
A petroleum company’s healthy cash flow is typically tied directly to customers paying invoices on time. Late paying customers quickly bleed away already slim margins and profits, in addition to adding significant operating costs by...
One of the most useful, important, misunderstood and aggravating tools of the petroleum company credit department is the credit hold. This automated process, which is designed to interrupt the flow of product to your customer,...
In the fuel world, it’s not uncommon to have a line of credit secured by receivables. While lines of credit can help with cash flow and allow you to take advantage of opportunities, they often...
As the Federal Reserve Bank raised U.S. short term interest rates in rapid succession from near zero levels at the beginning of 2022 to over 5%, there was widespread belief that a recession would soon...
Lottery accounting sometimes seems complex because of the constant EFT’s into and out of your account. This guide aims to simplify the process and provide you with best practices to effectively manage and track lottery...
