All too often we see business experiencing strains on finances, even when sales are high. Building capital to take on growth projects or simply meet overhead expenses can be challenging if cash flow is reduced to a trickle. Instead of turning to loans, businesses can...
Entrepreneurs wear many hats – marketing, sales, human resources and finance. Financing a business can seem the most daunting task especially if your company is growing rapidly. There will be days it seems the cash outflow is way faster than the cash inflow even if...
If you are selling on terms, you are bound to have a customer now and then hit on hard times. Once you have determined a customer is in financial distress, you need to come up with a plan of action fast. You need to protect your interest and also try to salvage a...
One of the most frustrating and easily fixed issues with the Accounts Payable (AP) department is tracking down missing invoices. Missing invoices are those invoices that come to light when a vendor calls AP asking for payment status and when AP investigates, they find...
Streamlining accounting departments can be a daunting task. Sometimes the simplest approach is overlooked, but keeping it simple is usually the best course to streamlining a process. In the case of accounting departments, the best way to improve efficiency is by stop...
Sounds simple, right? The obvious process would be to just send invoices to AP, let them do their magic and next thing you know a payment shows up at your mailbox. Yet despite this seemingly simple process, many invoices still fail to follow the preferred route....
