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 …
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.
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 …
5 Tips for Improving Your Accounts Receivable Management
If your Accounts Receivable department is struggling to achieve payment from clients, you need to find a solution quickly. Problems in your AR department can quickly snowball and start to affect the rest of your business - after all, it’s where your money is coming from at the end of the …
5 Facts about Financial Consultants
If you're in need of help with your finances, a financial consultant can assist you. Here are five facts about financial consultants. Legal Standards Depending on the type of specialization a financial consultant practices, he or she may be bound by different legal standards and responsibilities, …
Secured Loans vs. Unsecured Loans: What Is the Difference?
If you have ever considered taking out a loan, you know you would have been subjected to lots of jargon and financial terminology that does not seem very clear. Many people feel overwhelmed or intimidated by this unfamiliar language. At the same time, they feel a little embarrassed by asking …
The BRRRR Method
The BRRRR method is a popular and proven process of creating wealth through real estate investment and stands for buy, rehab, rent, refinance, and repeat. By using this strategy, real estate investors are able to use little to no cash to acquire properties and grow their investments over time by …
