As an owner of a small business, you might be learning about the many ways you can increase the cash flow of your business. One way to do this is through invoice factoring. If you’re unfamiliar with this term, invoice factoring is a way to get capital out of...
The seafood industry bears a unique pressure in that businesses need to get their product to market quickly or risk having no product at all. But even though the fisherman gets his product to the market with fast turnaround, he still has to wait for payment as a...
An invoice has one sole purpose – get the seller paid by the buyer. Unfortunately even in today’s data driven world, the invoice is one of the most-traveled documents. Its mission to ensure the billing company receives payment for goods and/or services provided, is a...
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...
The fastest way to collect cash from customers is via ACH or wire transfer and there continues to be a move toward these two types of cash collection. Currently though, checks are still king and that means 3-5 days until banks clear the checks and the funds are...
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...
