When you open a business, you want to make it easy for your customers to pay you. You want to take credit cards, but the fees can be a bit overwhelming. There are ways to avoid getting excessive credit card processing fees while still giving your customers an easy way to pay you. One thing you can …
Cash Management Articles and Interviews (tag)
How to Streamline Your Cash Flow in Times of Uncertainty
Carefully watching cash flow is one of the chief functions of your financial staff. However, unforeseen disruptions to the economic landscape can quickly change your cash position from positive to negative. COVID-19, for instance, precipitated a financial pandemic. Small business owners suddenly …
A Look At How To Manage Your Finances
One thing many people may struggle with is managing their finances so that everything runs smoothly and so that they have plenty to save. For some, simply earning more can solve this problem, but even for those who earn a higher than average wage, they can still fall into the same pitfalls with …
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 …
Time and Money: Why Purchasing Electronic Components Online Will Save You Both
Time and money. In business, they closely coincide, and an imbalance could spell disaster for your firm and your reputation. By keeping one step ahead and by looking past conventional methods of shopping, you and your business can reap the benefits of tailored costs and improved time efficiency, …
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 …
