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Thanks, Nagaraj!
Thank you Faiz!
Congratulations, Daniel!
thanks damilola
Congratulations boss
Thank you Abdullahi!
Big congratulations!🎉🚀
Congratulation! Daniel
Congratulations🔥
Congrates Buddy! Massive figure for us!!🚀
Yesssir! Thank you!
congratulations
Thank you, Nirali!
Congratulations
Congratulations
50k is huge. what was the first project that broke it open?
Congratulations!!
Wow, congrats Daniel
Congratulations to you
Big one! The road to 100K looks closer than ever. Congrats.
The network for creativity
Join 1.25M professional creatives like you
Connect with clients, get discovered, and run your business 100% commission-free
Creatives on Contra have earned over $150M and we are just getting started
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Your customer owes you $20K. Is that really an asset? 🤔
Yes… but only for what you can realistically collect.
An unpaid invoice sits on your balance sheet as Accounts Receivable. But if it’s 90+ days late and you only expect to collect 60%, the honest number is $12K, not $20K. 💸
📌 Book the sale: profit goes up, cash doesn’t
📌 Estimate the risk with an allowance for doubtful debts (IFRS 9 expected credit loss)
📌 Show net receivables, not wishful thinking
Profit ≠ Cash. A business can look profitable and still run out of money.
Anything above what you expect to collect is a hope, not an asset.
👉 Follow for Episode 5: Revenue went up 40%—but your profit went down. Why?
Very interesting and informative series to watch.
Thankyou @Fatima Akbar for sharing.
