Owning and running a business can be a fun and rewarding experience in and of itself, but what many rookie business owners don’t realize is that debt collection can be a pain in the neck when they are not fully aware of the ins and outs. Avoiding Client Debt Money management and cash flow are an …
Accounts Receivable Articles and Interviews (tag)
The Many Benefits of Receivable Factoring
Being an entrepreneur is one of the hardest journeys you’ll ever take as an individual. Starting your own company means you’ll have to encounter various challenges to be successful. Maintaining a positive cash flow happens to be one of them. A lot of businesses fail before they fully take off …
4 Types of Assets You Can Use for Securing Business Funding
Running and growing a business requires investment – both in effort and money. Even if you have enough capital on hand in the early days of your business, there’s a big chance you’ll need more down the road to fund business initiatives like expansion, inventory top-ups, renovations, and product …
3 Things Small Businesses Need During the COVID-19 Pandemic
The COVID-19 pandemic has had a severe impact on the American economy. Before the crisis, unemployment in the United States was at a 50-year low while inflation was also under the Fed’s target. After the pandemic, inflation spiked, and unemployment hit record highs. But these are just 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 …
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 …
