Due to today’s relatively high financing costs and the fact that Hong Kong’s economy has not fully recovered, we often notice that many client companies will have some long-term receivables. In recent chats with several clients, they all mentioned that in today’s economic environment, they would rather do less than take the risk of doing too much but not receiving payment (bad debt). There are enough bad debts in one order, how many orders have to be made to make up for it fi

Hello friends, I wish you all a happy New Year in 2024. This time I would like to share with you how banks/investors read the financial report Audit Report (physical examination report) so that they can roughly know how it can affect the parties' ability to stand out. 1. Profitability In general response reports, basic disclosed data such as past sales, gross profit and net profit, etc. This data will be used to compare with similar company standards in the market. If it is f

During the difficult epidemic period, customers often encounter uncollected receivables. During recent conversations with customers, many...