{"id":999973826,"date":"2025-05-21T12:12:20","date_gmt":"2025-05-21T05:12:20","guid":{"rendered":"https:\/\/bizzi.vn\/?p=999973826"},"modified":"2026-06-09T13:49:00","modified_gmt":"2026-06-09T06:49:00","slug":"what-is-debt-definition-importance-and-effective-management","status":"publish","type":"post","link":"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/","title":{"rendered":"What is debt? Concept, Classification, Importance and how to manage effectively"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Ineffective debt management can cause many serious risks for businesses, directly affecting cash flow, reputation and long-term survival. Therefore, it is necessary to clearly understand what debt is and its nature in order to come up with appropriate management plans.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">In this article, Bizzi will provide detailed information about the concept of debt so that managers have a clearer perspective on this concept in business.<\/span><\/p>\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_80 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Index<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewbox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewbox=\"0 0 24 24\" version=\"1.2\" baseprofile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Khai_niem_Cong_no_la_gi\" >What is the concept of Debt?<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Dinh_nghia_cong_no\" >Definition of debt\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Phan_biet_Cong_no_va_No_cong\" >Distinguish between Public Debt and Public Debt\u00a0<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Cac_loai_cong_no_pho_bien\" >Common types of debt<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Cong_no_phai_thu\" >Accounts receivable\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Cong_no_phai_tra\" >Accounts Payable<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Cac_khai_niem_lien_quan_khac_lien_quan_den_cong_no_la_gi\" >What are other related concepts related to debt?<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Ly_do_phat_sinh_cong_no_la_gi\" >What is the reason for the debt?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Tam_quan_trong_cua_cong_no_la_gi_trong_doanh_nghiep\" >What is the importance of accounts receivable in business?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quy_trinh_xu_ly_cong_no_la_gi_Huong_dan_chi_tiet\" >What is the debt settlement process? Detailed instructions<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quy_trinh_chung\" >General procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quy_trinh_xu_ly_Cong_no_phai_tra\" >Accounts Payable Processing Procedure<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quy_trinh_xu_ly_Cong_no_phai_thu\" >Accounts Receivable Processing Procedure<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-14\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Phuong_phap_va_chien_luoc_quan_ly_cong_no_hieu_qua\" >Effective debt management methods and strategies<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-15\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Ung_dung_cong_nghe_va_phan_mem_quan_ly_Cong_no\" >Application of technology and software for debt management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-16\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Goi_y_cong_cu_ho_tro_quan_ly_cong_no_hien_dai\" >Suggested tools to support modern debt management<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-17\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Bizzi_%E2%80%93_Giai_phap_cong_nghe_giup_doanh_nghiep_chinh_phuc_thach_thuc_quan_ly_cong_no\" >Bizzi \u2013 Technology solutions to help businesses overcome debt management challenges<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-18\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quan_ly_cong_no_phai_tra\" >Accounts Payable Management<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-19\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Quan_ly_cong_no_phai_thu\" >Accounts receivable management<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-20\" href=\"https:\/\/bizzi.vn\/en\/what-is-debt-definition-importance-and-effective-management\/#Ket_luan\" >Conclude<\/a><\/li><\/ul><\/nav><\/div>\n<h2><span class=\"ez-toc-section\" id=\"Khai_niem_Cong_no_la_gi\"><\/span><b>What is the concept of Debt?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<h3><span class=\"ez-toc-section\" id=\"Dinh_nghia_cong_no\"><\/span><b>Definition of debt\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounts receivable is the term used to describe the amounts receivable and payable arising from a business&#039;s operations. In other words, it is the amount of money that a business still has to collect from customers or pay to suppliers and partners at a given point in time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Debt arises when there is a transaction of buying and selling, exchanging goods, services or financial obligations that are not paid or not fully paid at the time of the transaction, and is transferred to the next payment period.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accounts receivable typically refers to short-term debts, expected to be paid within one year. Accounts receivable can be between businesses, individuals, or individuals.<\/span><\/p>\n<figure id=\"attachment_999973828\" aria-describedby=\"caption-attachment-999973828\" style=\"width: 740px\" class=\"wp-caption aligncenter\"><img fetchpriority=\"high\" decoding=\"async\" class=\"wp-image-999973828 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-1.jpg\" alt=\"what-is-congno-Bizzi 1\" width=\"740\" height=\"494\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-1.jpg 740w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-1-300x200.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-1-18x12.jpg 18w\" sizes=\"(max-width: 740px) 100vw, 740px\" \/><figcaption id=\"caption-attachment-999973828\" class=\"wp-caption-text\">Accounts receivable is a term that refers to the amounts receivable and payable arising from a company&#039;s business operations.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Phan_biet_Cong_no_va_No_cong\"><\/span><b>Distinguish between Public Debt and Public Debt\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Debt and public debt are two completely different concepts, belonging to two different fields (enterprises and the state). Debt is related to financial relationships in business operations (receivables, payables). Meanwhile, public debt is the total amount of money that the government borrows from domestic and foreign sources, which can affect the national economy if it exceeds the safety threshold.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Criteria<\/b><\/td>\n<td><b>Debt\/Receivables in Business<\/b><\/td>\n<td><b>Public Debt<\/b><\/td>\n<\/tr>\n<tr>\n<td><b>Subject<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Enterprises, economic organizations<\/span><\/td>\n<td><span style=\"font-weight: 400;\">State, central or local government<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Nature<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Receivables or payables to partners (customers, suppliers, etc.)<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Loans that the State borrows for public spending<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Purpose of origin<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Businesses that have not yet paid, advanced, debited\u2026<\/span><\/td>\n<td><span style=\"font-weight: 400;\">The government borrows to invest in infrastructure, pay off debt, and balance the budget.<\/span><\/td>\n<\/tr>\n<tr>\n<td><b>Scope of management<\/b><\/td>\n<td><span style=\"font-weight: 400;\">Business accounting, business financial reporting<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Ministry of Finance, Central Bank, National Assembly supervision<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><b>What are the English terms related to debt?<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Receivable: Accounts receivable<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">To pay debt: Debt to pay<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounting liabilities: Accounting liabilities<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt report: Debt report<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt confirmation: Debt confirmation<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Outstanding debt: Overdue debt<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Clearing debt: Debt offset<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Past due: Past due<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Aging report: Debt aging report<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Write-off: Write off debt<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bad debt: Bad debt<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt collection: Debt collection<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt accounting: Debt accounting<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt comparison: Debt comparison<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Cac_loai_cong_no_pho_bien\"><\/span><b>Common types of debt<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Accounts receivable are usually divided into two main groups including Accounts receivable and Accounts payable.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Cong_no_phai_thu\"><\/span><b>Accounts receivable\u00a0<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounts receivable is the amount of money a business has not yet received from customers or partners after providing goods, products, or services. <\/span><span style=\"font-weight: 400;\">This item determines the business&#039;s rights to a sum of money, goods, or services that will be received in the future. Accountants need to closely monitor to collect on time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Examples of accounts receivable:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales of goods, products, and service revenue not yet collected.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Financial investment.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal collections, advances.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Collect compensation, deduct employee salary due to loss or damage to goods.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cong_no_phai_tra\"><\/span><b>Accounts Payable<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Accounts payable are amounts that a business has not yet paid to suppliers or other parties involved in its business operations. These are current obligations of a business arising from past transactions or events.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Accountants need to regularly monitor, supervise, and reconcile to make payments on time, increasing credibility.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Examples of accounts payable:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payables to suppliers of tools, equipment, supplies, raw materials, services, and goods that have not been paid.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Internal payables.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amount payable to employees (salaries, benefits).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Amount payable to the state (tax).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Cost to pay.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Payable according to construction contract progress.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Cac_khai_niem_lien_quan_khac_lien_quan_den_cong_no_la_gi\"><\/span><b>What are other related concepts related to debt?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Offsetting (Offset\/Offset): Transaction between entities that are both buyers and sellers, paying by deducting each other&#039;s debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Closing debt: Accountants update, summarize, compare debt data between actual contracts\/transactions and books, and check with related subjects.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Ly_do_phat_sinh_cong_no_la_gi\"><\/span><b>What is the reason for the debt?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Accounts receivable arise from purchases, sales, payments, advances, or other financial obligations incurred during the course of a business&#039;s operations. Here are some common reasons why accounts receivable arise:<\/span><\/p>\n<p><b>Unpaid sales transactions:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Purchase on credit from suppliers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Sales on credit to customers, agents, and collaborators.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Use the service and be allowed to pay in installments (eg shipping fees, COD collection fees for online shops).<\/span><\/li>\n<\/ul>\n<p><b>Internal financial management is not tight:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Lack of close monitoring of income and expenditure.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">There is no specific debt collection plan.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999973830\" aria-describedby=\"caption-attachment-999973830\" style=\"width: 770px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999973830 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-3.jpg\" alt=\"What is a concubine? Bizzi 3\" width=\"770\" height=\"433\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-3.jpg 770w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-3-300x169.jpg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-3-768x432.jpg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-3-18x10.jpg 18w\" sizes=\"(max-width: 770px) 100vw, 770px\" \/><figcaption id=\"caption-attachment-999973830\" class=\"wp-caption-text\">Debts arising from financial activities in the enterprise<\/figcaption><\/figure>\n<p><b>Changes from external factors:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Market fluctuations or customers experiencing financial difficulties affect their ability to pay.<\/span><\/li>\n<\/ul>\n<p><b>Other exceptional transactions:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Overpayment to suppliers results in receivables.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Received advance payment from customer, so it is recorded that must be returned to customer if not enough goods\/services are provided<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">In short, accounts receivable mainly arise due to the time difference between delivery \u2013 receipt of goods \u2013 provision of services and payment. Therefore, closely monitoring accounts receivable will help businesses control cash flow, avoid loss and ensure business reputation.<\/span><\/p>\n<h2><span class=\"ez-toc-section\" id=\"Tam_quan_trong_cua_cong_no_la_gi_trong_doanh_nghiep\"><\/span><b>What is the importance of accounts receivable in business?<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Effective debt management plays a vital role for businesses. Here are the specific roles of debt:<\/span><\/p>\n<p><b>Reflects financial health and operating performance:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt is a key indicator of a company&#039;s financial health and operating performance.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable analysis allows for assessing debt collection, cash flow forecasting, and evaluating customer and supplier quality.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Provides a complete picture of working capital management and ability to meet financial obligations.<\/span><\/li>\n<\/ul>\n<p><b>Optimize cash flow and financial flexibility:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows businesses to use cash flexibly, delaying payments to suppliers to use capital for other purposes.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Helps reduce initial financial burden and maintain positive cash flow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable can be converted into cash through specific financial instruments.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Effective management helps maintain a stable cash flow and avoid financial shortages.<\/span><\/li>\n<\/ul>\n<p><b>Support business expansion:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Allows businesses to increase the size and scale of their business without using all of their equity.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Create investment opportunities in new operations, purchases, facility expansion, product development.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Flexible payment terms are helpful in attracting new customers and retaining old ones.<\/span><\/li>\n<\/ul>\n<p><b>Risk management and relationship building:<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Help businesses manage cash flow effectively and proactively collect debts.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Minimize financial risks such as insolvency, loss of reputation, bankruptcy.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Contribute to building positive relationships with customers and suppliers.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999973829\" aria-describedby=\"caption-attachment-999973829\" style=\"width: 1060px\" class=\"wp-caption aligncenter\"><img decoding=\"async\" class=\"wp-image-999973829 size-full\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2.jpeg\" alt=\"What is a concubine? Bizzi 2\" width=\"1060\" height=\"971\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2.jpeg 1060w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2-300x275.jpeg 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2-1024x938.jpeg 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2-768x704.jpeg 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/cong-no-la-gi-Bizzi-2-13x12.jpeg 13w\" sizes=\"(max-width: 1060px) 100vw, 1060px\" \/><figcaption id=\"caption-attachment-999973829\" class=\"wp-caption-text\">Effective debt management plays a vital role for businesses.<\/figcaption><\/figure>\n<h2><span class=\"ez-toc-section\" id=\"Quy_trinh_xu_ly_cong_no_la_gi_Huong_dan_chi_tiet\"><\/span><b>What is the debt settlement process? Detailed instructions<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The debt handling process is a series of steps that a business takes to record, monitor, reconcile, collect or pay receivables and payables. The goal is to ensure that debts are managed closely, on time, transparently and effectively.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_chung\"><\/span><b>General procedure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1: Update information and segment objects (customers\/suppliers).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2: Record, control and notify periodic debt.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3: Debt collection (for receivables).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Handling bad or uncollectible debts (for receivables).<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_xu_ly_Cong_no_phai_tra\"><\/span><b>Accounts Payable Processing Procedure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1: Determine payables (review invoices, contracts, documents; determine amount, due date, payment terms; confirm validity).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2: Determine payment method (cash, bank transfer, check... based on contract, policy, supplier requirements).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3: Determine payment priority (based on importance, urgency, and ability to pay).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Prepare payment information (create payment slip\/invoice with complete information).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 5: Make payment (when due, record payment information into the system).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 6: Monitor and update (ensure on-time payment, system updates).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 7: Handle exceptions or issues that arise (dispute resolution, payment adjustments, negotiations).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 8: Reconciliation and reporting (reconciliation with the financial system, reporting on debt status and payment progress).<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Quy_trinh_xu_ly_Cong_no_phai_thu\"><\/span><b>Accounts Receivable Processing Procedure<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 1: Determine receivables (review invoices, contracts; determine amount and collection time).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 2: Check and confirm validity (check accuracy, confirm not collected).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 3: Send collection notice (official notice, reminder if overdue).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 4: Track payment collection (ensure payment is made on time, in the correct amount, and by the correct method; record it in the system).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 5: Handling exceptions and disputes (dispute resolution; consider flexible payment methods, debt repayment plans; if large\/hard-to-collect debts require the participation of leaders, legal, debt collection agencies).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Step 6: Reconciliation and reporting (reconciliation with the management system, reporting on debt status and collection progress).<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Phuong_phap_va_chien_luoc_quan_ly_cong_no_hieu_qua\"><\/span><b>Effective debt management methods and strategies<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">To effectively manage accounts receivable, businesses need to combine sound accounting practices with proactive cash flow control strategies. Below are the most important methods and strategies to optimize accounts receivable management.<\/span><\/p>\n<table>\n<tbody>\n<tr>\n<td><b>Accounts Receivable Management<\/b><\/td>\n<td><b>Accounts Payable Management<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Track specific objects, classify object groups.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Detailed accounting for each object and transaction to track payment deadlines and remind customers.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Collect complete and carefully store documents.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Timely grasp bad debt, overdue debt to come up with early solutions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Build customer classification table, evaluate and set debt policy for each group.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Set up detailed customer management processes and specific goals.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Clearly define who is responsible for working with each customer and how to contact them.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Send invoices directly to customers to optimize collection time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Remind customers when payment is due, clearly stating terms and penalties.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Develop a detailed collection plan, prioritizing large or potentially bad debts.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Apply policies to encourage early payment (discounts) and penalize late payment (compensation fees, interest).<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Require customers to make a deposit.<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Track each object, continuously update and compare with books.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Consolidate data and periodically compare (end of month, quarter, year) with partners.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Pay on time and in accordance with the Law for amounts payable to the state and employees.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Track separately and update as soon as invoice arrives for items that do not have invoices.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Develop supplier selection process and negotiate favorable payment terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Establish a supplier information management process, ensure the system accurately records agreements and updates payment terms.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Establish a process for reviewing supplier contracts, checking for accuracy, completeness, and legal compliance; include penalty\/compensation provisions.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Establish a strict internal purchasing process, require suppliers to issue purchase orders, compare with invoices upon receipt.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Set up invoice processing procedures, reject incorrect invoices, process on time, pay on time (not early).<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><span class=\"ez-toc-section\" id=\"Ung_dung_cong_nghe_va_phan_mem_quan_ly_Cong_no\"><\/span><b>Application of technology and software for debt management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Applying technology in debt management is necessary for the following important reasons:<\/span><\/p>\n<p><b>Increase efficiency and accuracy<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automating steps such as debt reminders, payment recording, and debt reconciliation helps reduce errors due to manual operations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid confusion between receivables\/payables, payment due dates and debt status of each partner.<\/span><\/li>\n<\/ul>\n<p><b>Save time and money<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Technology systems help shorten debt processing.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reduce personnel costs for repetitive tasks such as updating books, calling, and sending debt reminder emails.<\/span><\/li>\n<\/ul>\n<p><b>Centralized, transparent management<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Accounts receivable data is stored and processed on a single platform, making it easy to track and look up transaction history.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Increase transparency within the business and with partners.<\/span><\/li>\n<\/ul>\n<p><b>Reduce financial risk<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Debt management software can provide early warning of overdue debts, helping businesses proactively handle them.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Avoid capital stagnation or loss due to loss of control.<\/span><\/li>\n<\/ul>\n<p><b>Make decisions faster and more accurately<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Full reports and real-time data are available to support leaders in making timely financial decisions.<\/span><\/li>\n<\/ul>\n<p><b>Enhance customer\/partner experience<\/b><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Prompt, clear, and courteous debt reminders through the system help build a professional and trustworthy relationship.<\/span><\/li>\n<\/ul>\n<h3><span class=\"ez-toc-section\" id=\"Goi_y_cong_cu_ho_tro_quan_ly_cong_no_hien_dai\"><\/span><b>Suggested tools to support modern debt management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<table>\n<tbody>\n<tr>\n<td><b>Demand<\/b><\/td>\n<td><b>Recommendation Engine<\/b><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Record \u2013 report debt<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Accounting software (MISA, FAST, Bravo)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Automatically process input invoices, reconcile PO - GR - Invoice<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Bizzi (AI + RPA)<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Manage customers \u2013 orders \u2013 overall debts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">ERP: Odoo, SAP, AMIS<\/span><\/td>\n<\/tr>\n<tr>\n<td><span style=\"font-weight: 400;\">Track debt through visual charts<\/span><\/td>\n<td><span style=\"font-weight: 400;\">Power BI, Google Data Studio, Excel Dashboard<\/span><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h2><span class=\"ez-toc-section\" id=\"Bizzi_%E2%80%93_Giai_phap_cong_nghe_giup_doanh_nghiep_chinh_phuc_thach_thuc_quan_ly_cong_no\"><\/span><b>Bizzi \u2013 Technology solutions to help businesses overcome debt management challenges<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Bizzi is a pioneering automatic invoice processing software in Vietnam, helping businesses optimize accounting and financial processes thanks to artificial intelligence (AI) and robotic automation (RPA) technology. Each electronic invoice is extracted and processed in less than 30 seconds, helping to reduce errors, increase work efficiency and save up to 80% of employee time.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">With the motto &quot;Effective assistant - Less stressful accounting&quot;, Bizzi has been trusted and chosen by more than 1000+ businesses, becoming the leading invoice digitalization solution, accompanying the digital transformation wave and global technology trends. With the challenge of debt management, Bizzi supports businesses in both aspects of receivables and payables.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_cong_no_phai_tra\"><\/span><b>Accounts Payable Management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Bizzi is a comprehensive solution that helps businesses control accounts payable and manage expenses accurately, transparently and economically. Bizzi supports automatic processing of input invoices and systematic management of business expenses.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Bizzi Bot integrates RPA and AI technology to automatically upload, check and reconcile invoices, eliminating manual operations and minimizing errors.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Reconcile invoices \u2013 purchase orders (PO) \u2013 warehouse receipts (GR) in real time to detect discrepancies or risks as soon as they arise.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically verify suppliers via tax code and operating status on the tax system, limiting the risk of working with invalid suppliers.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Record and store electronic invoices for up to 10 years, meeting legal regulations and convenient for searching.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Set up budgets by department, team or project, then allocate and monitor spending closely.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Monitor spending in real time and alert when exceeding budget, helping businesses proactively control cash flow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Generate detailed expense reports by category, department or project \u2013 for analysis, auditing and financial decision making.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automated expense approval system with flexible approval flow by level, department or expense type, helping to speed up the approval process.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Employees can submit expense requests before expenses are incurred, and track request status (pending approval, approved, rejected).<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Attach each expense to a specific task\/project, making it easy to monitor and evaluate financial performance according to each business goal.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic alerts: Send notifications when there are new spending requests, expenses exceed the limit or unusual signs are detected.<\/span><\/li>\n<\/ul>\n<figure id=\"attachment_999973831\" aria-describedby=\"caption-attachment-999973831\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-999973831\" src=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi.png\" alt=\"what-is-bizzi-cong-no\" width=\"1200\" height=\"735\" title=\"\" srcset=\"https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi.png 2560w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-300x184.png 300w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-1024x627.png 1024w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-768x470.png 768w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-1536x941.png 1536w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-2048x1254.png 2048w, https:\/\/bizzi.vn\/wp-content\/uploads\/2025\/05\/bizzi-cong-no-la-gi-18x12.png 18w\" sizes=\"(max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-999973831\" class=\"wp-caption-text\">Bizzi helps businesses control accounts payable and manage expenses accurately, transparently and economically.<\/figcaption><\/figure>\n<h3><span class=\"ez-toc-section\" id=\"Quan_ly_cong_no_phai_thu\"><\/span><b>Accounts receivable management<\/b><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span style=\"font-weight: 400;\">Bizzi not only processes invoices automatically but is also a powerful tool in managing receivables and payables, helping businesses effectively control cash flow, improve financial capacity and reduce debt collection pressure.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic debt reminder: Set up flexible debt reminder processes according to customized scenarios. Bizzi automatically sends timely debt reminder emails or messages to customers, helping to limit overdue debt while still ensuring professionalism in communication.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Overall debt management: Closely monitor and reconcile debt with important indicators such as DSO (Days Sales Outstanding) and debt aging report, helping businesses evaluate debt collection efficiency and control credit risk.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Tracking debt for each partner: Bizzi automatically records and updates debt incurred with each customer and supplier, providing a clear and detailed view of the business&#039;s financial obligations.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Warning of due and overdue debts: The system proactively warns of debts that are about to become due or are at risk of becoming overdue, helping businesses proactively plan for handling and protecting cash flow.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatic debt reconciliation: Automatically compare and confirm debt balances between businesses and partners, minimizing errors and shortening dispute resolution time.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Detailed debt report: Provide real-time reports on debt status, supporting management to make quick and accurate decisions in finance and debt collection.<\/span><\/li>\n<\/ul>\n<h2><span class=\"ez-toc-section\" id=\"Ket_luan\"><\/span><b>Conclude<\/b><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Above is all the information related to what debt is, the processing process as well as the method of debt management for efficiency and optimization. If your business is still having a headache about debt or cost management, please register to try Bizzi&#039;s solution package right away.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Bizzi supports businesses:<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Automatically receive, store and reconcile electronic invoices quickly and accurately.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Simplify complex accounting operations, helping to reduce the burden on the accounting department.<\/span><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Optimize approval and cost management processes, enabling fast and transparent financial decision making.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">Bizzi is not only an invoice processing tool but also an effective debt and cost management solution, supporting businesses to build a solid financial foundation and sustainable growth in the digital age.<\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Link to register for a trial of Bizzi products: <\/span><a href=\"https:\/\/bizzi.vn\/dang-ky-dung-thu\/\"><span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/dang-ky-dung-thu\/<\/span><\/a><\/li>\n<li style=\"font-weight: 400;\" aria-level=\"1\"><span style=\"font-weight: 400;\">Schedule a demo: <\/span><a href=\"https:\/\/bizzi.vn\/dat-lich-demo\/\"><span style=\"font-weight: 400;\">https:\/\/bizzi.vn\/dat-lich-demo\/<\/span><\/a><\/li>\n<\/ul>","protected":false},"excerpt":{"rendered":"<p>Ineffective debt management can cause many serious risks for businesses, directly affecting cash flow\u2026<\/p>","protected":false},"author":56,"featured_media":999973827,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[263],"tags":[],"class_list":["post-999973826","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-kien-thuc"],"acf":[],"_links":{"self":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973826","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/comments?post=999973826"}],"version-history":[{"count":3,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973826\/revisions"}],"predecessor-version":[{"id":999973837,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/posts\/999973826\/revisions\/999973837"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media\/999973827"}],"wp:attachment":[{"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/media?parent=999973826"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/categories?post=999973826"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bizzi.vn\/en\/wp-json\/wp\/v2\/tags?post=999973826"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}