Creances definitions
| Word backwards | secnaerc |
|---|---|
| Part of speech | Noun |
| Syllabic division | cre-an-ces |
| Plural | The plural of "creances" is "creances." |
| Total letters | 8 |
| Vogais (2) | e,a |
| Consonants (4) | c,r,n,s |
Understanding Creances
Creances, also known as receivables, refer to amounts owed to a business by its customers or clients for goods or services provided. These obligations are typically documented through invoices, which serve as proof of the debt owed to the company.
Types of Creances
There are various types of creances that a business may have, including trade receivables, loans receivable, and other forms of debt owed. Trade receivables are amounts due from customers for products sold or services rendered, while loans receivable represent amounts loaned out to individuals or other entities.
Managing Creances
Effective management of creances is crucial for maintaining a healthy cash flow within a business. This involves monitoring outstanding receivables, following up on late payments, and implementing strategies to minimize bad debts. By staying on top of creances, a company can ensure that it has enough funds to meet its financial obligations.
Creances and Financial Statements
Creances play a significant role in a company's financial statements, particularly in the balance sheet. The amount of creances owed by customers is listed as an asset, reflecting the funds that the business expects to receive in the future. However, it is essential to note that creances may also be subject to impairment if there are doubts about their collectability.
Legal Aspects of Creances
In cases where customers fail to pay their debts, businesses may need to take legal action to recover the outstanding creances. This often involves initiating a lawsuit or working with collection agencies to pursue the funds owed. Understanding the legal aspects of creances is essential for businesses to protect their interests and financial well-being.
Conclusion
In conclusion, creances are a vital aspect of business operations, representing the funds owed to a company by its customers or clients. Effectively managing these receivables and understanding their impact on financial statements is essential for maintaining a healthy cash flow and overall financial stability. By staying informed about creances and taking proactive measures to address any issues that may arise, businesses can safeguard their financial health and ensure long-term success.
Creances Examples
- The company is pursuing legal action to recover unpaid creances.
- The accountant is responsible for managing the company's creances.
- The bank seized the debtor's assets to settle the creances.
- The court ruled in favor of the creditor, awarding them the creances owed.
- The collection agency specializes in recovering creances on behalf of clients.
- The business owner is concerned about the growing creances on their ledger.
- The finance department is working to reconcile the outstanding creances.
- The legal team is drafting a settlement agreement to resolve the creances dispute.
- The debtor made a payment to reduce their creances with the creditor.
- The company's financial statements reflect the amount of creances owed by customers.