JUNE 2024 INDUSTRY NEWS AND TRENDS
Fed’s Rate Cut Plans for 2024: A Reality Check
The Federal Reserve has signaled a cautious approach to rate cuts in 2024, likely delaying any action until after the election. Despite minimal changes in their economic outlook, their revised strategy has left many puzzled.
This article delves into the reasons behind the Fed’s confusing forecasts, their reliance on questionable indicators, and the potential economic challenges ahead. Discover why the Fed’s confidence is waning and what it means for the economy.
Do you know your DSO? (Days sales outstanding)
Amid the multiple threats of recession, high interest, and inflation, businesses are making greater efforts to keep as much cash on hand as possible. That, in turn, is resulting in longer-than-ever payment cycles, with recent research indicating that a higher percentage of finance managers are identifying late customer payments as a top cash flow management concern.
This article delves into the details of days sales outstanding (DSO), a key metric for monitoring the health of your payment cycle.
Are you ready for the “tax cliff” American businesses are facing?
This month, the U.S. Chamber of Commerce highlights the fact that the Tax Cuts and Jobs Act (TCJA) is set to expire in 2025 and examines some of the key implications for businesses (and individuals). The expiring rules affect the EBITDA standard for deducting business interest expenses, among other things.
13 accounts receivable and cash collection stats to know in 2024
At a time when cash flow is more important than ever—and harder to maintain—businesses need to bring greater vigilance to the task of monitoring and optimizing their accounts receivable (AR) and cash collection processes.
This article rounds up some eye-opening stats that illustrate the state of AR in 2024 and offers tips for improving cash flow.
