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 …
Cash Management Articles and Interviews (tag)
4 Important Invoice Management Tips for Small Businesses
As the problem of too many business expenses and not enough cash on hand to pay for them arises, you need to take invoice management seriously and find a cash management solution to help you out. When a business is just too dependent on cash flow to be successful, these four invoice management tips …
What Are a Startup’s Biggest Challenges and How Do You Deal with Them?
Entrepreneurship is on the rise as starting your own business isn’t as hard as it used to be; with a resourceful market, available funding opportunities, and the internet –nothing is stopping you from venturing into your business idea and beginning your startup. However, having your own startup …
4 Factors That First-Time Entrepreneurs Must Not Forget
Becoming an entrepreneur has become popularized in recent years due to the success of Silicon Valley startups like Facebook and Google and celebrity entrepreneurs like Mark Cuban and Gary Vaynerchuk. Despite the popularity and glamour of building your own business empire, the realities can be …
Cash Flow Caution: A Guide to Bank Reconciliation
Bank reconciliation is a process that is used to determine whether your company’s books are precisely in line with your bank statements at a given bank. It may not imply anything serious, it is important to sort out any discrepancies. The bank reconciliation process also ensures that your finances …
4 Obstacles Businesses Face When Trying to Manage Their Finances
Offering a quality product or service is only one component of running a successful business. You also need an understanding of how to market that idea, get it to your customers, and make sure that your pricing model runs in step with your financial demands. While keeping your business afloat may …