For many of us, the reality is that at the end of the month, finances are running thin. This can be a challenge to many as unexpected bills could be enough to push finances to the breaking point, but how could this be prevented? In this article, we will be providing you with insight into payday …
Moneying Articles and Interviews (category)
Moneying articles focus on all aspects related to business finance, including budgeting, bookkeeping, pricing strategy, insurance, and more. Since you presumably went into business to make money, knowing how to manage it effectively will help keep you in business and move you toward the profitability you seek.
When Is It a Good Time to Take Out a Loan?
Oftentimes, business owners wait for the “right time” to take out a loan. By right time, some entrepreneurs mean when they’re in dire need of cash and soon---which is actually too late, if you think about it. Experts say that the best time to initiate the loan process is when you don’t need the …
The Surprising Fact About Late Payments and What to do About It
Late payments. Companies of all sizes must deal with them. It is very common for customer invoices to be paid 30 to 90 days after the commonly accepted net-30 ─ which can seriously and detrimentally affect a business’ cash flow. The fact is that cash reserves can be quickly drained when payments …
4 Ways to Simplify Your Payment Process for Customers
All businesses need to think about how their customers will be impacted by any changes. One important aspect of business and customer interaction is payment processing. You will want to select a payment processing service that will keep your customer’s information confidential and will also allow …
5 Ways to Increase Financial Efficiency for Your Business
An organization's financial efficiency goes beyond the amount of revenue they earn. It also factors in asset turnovers, how many days an invoice remains in account receivable, and how much inventory is on hand. Together, these are calculated to determine the economic health of a company. When an …
3 Ways Freight Companies Can Manage Their Cash Flow
There’s a very legitimate reason as to why cash is usually labeled ‘king’. Maintaining a steady cash flow is the one thing that keeps your company running and it's very crucial to the survival of your business. Cash flow is the amount of money that goes in and out of your business through income …
