Author Archives: Robyn Barrett

Robyn Barrett

About Robyn Barrett

Robyn Barrett is founder and managing member of FSW Funding, formerly Factors Southwest LLC, specializing in factoring financing for small to mid-size companies.

Steps to Streamline your Accounting Department

acct

Streamlining accounting departments can be a daunting task and more often than not the simplest approach is overlooked. However, keeping it simple is generally the best course of action to take when trimming the fat. In many accounting departments the day-in-day-out tasks were created a zillion years ago and have become a part of the… Read More →

How to Protect Your Business Against Fraud

scam

We hear stories of employees embezzling money from unsuspecting employers, but we never expect it to actually happen. Nathan J. Mueller, an employee in the reinsurance division of financial services giant ING, carried out a scheme, embezzling nearly $8.5 million over a period of four years. Mueller’s story serves as a lesson to employers, alerting… Read More →

8 steps to successful payment collection

equal pay

Although the economy is improving, collections remains a daunting task for many companies. Recognizing the challenges and establishing necessary procedures can help to turn the situation around. All business owners want to reduce the number of late paying clients and to build stronger customer relationships. The question is, “How?” Despite all the high-tech solutions available… Read More →

Avoiding a Cash Flow Crisis

Get more cash

Maximizing profits and growth while also maintaining adequate cash flow is one of the most difficult challenges a young business faces, but it’s also one of the most important. The old adage that “cash is king” has never been truer given today’s challenges for securing a funds or attracting investors. To utilize capital to spur… Read More →

Managing Deductions: Steps to increase revenue

Economic concepts

Unfortunately, it is common for customers to pay less than they owe, taking deductions off their bills or underpaying their invoices. For small businesses, this can create a significant loss in revenue and problems with cash flow. Some businesses have reported losing as much as 10 percent of their gross sales to deductions. Fortunately, companies… Read More →

Stop leaks causing accounts payable errors

taxes
December 2, 2013 by in Columnist Spotlight | Featured

Understandably, most companies are focused on their incoming cash flow and the bottom line. As a result, accounts receivable departments, or incoming balances, tend to get all the attention. Consider what companies might discover if they took a closer look at accounts payable. The management of accounts payable should also be considered a priority. When… Read More →

How accounting can add to the bottom line

Sustainable Banks, Green Banking
November 4, 2013 by in Columnist Spotlight

In today’s world, where companies are evaluating every aspect of business to try to cut costs, few are looking at their accounting departments for ways to save money. The billing process is a basic and necessary function of accounting, and as a result, its potential impact on a company’s bottom line is often overlooked or… Read More →

Checking fine print protects bottom line

deal
September 11, 2013 by in Columnist Spotlight | Finance | Small Biz

Every purchase order or invoice should have them, but what are they? Terms and conditions. The fine print found at the bottom or on the backside of in invoice or purchase order, so it is often ignored. Look for it, read it, understand it. When a company purchases goods or services, it is not uncommon… Read More →

Taking the accounting department mobile

iphone

According to a 2013 Bill.com survey, 66 percent of finance executives use mobile applications to approve bills and collect payments on some level. Accounting professionals have been chained to their desktops for decades, but the increasing popularity of the cloud has allowed businesses to access critical information any time they have access to Wi-Fi. The… Read More →

Preparation for Loan Approval

bank loan

While small business owners appear to have a good grip on managing their companies, they are often unsure about what to do to properly prepare for loan approval.. According to the Small Business Association Lending Index report, big banks approved 15.1 percent of small business loans in February 2012. While we are seeing a slight… Read More →

Sales up, income down

sales.tax

Reading the latest business news, you might be surprised to find articles highlighting large corporations with increasing sales and decreasing income. This prompts the question, how is it possible for a company to sell more but make less? Business managers often assume if the company can increase its sales, it will have an increase in… Read More →

How to improve your collections efforts

Get more cash

Collections may not be every business owner’s favorite task however, maintaining an effective collection strategy is essential to running a successful business. Traditionally, collection departments focus on the clients with the most dated debt, as opposed to the clients with newly formed debt. This strategy may seem logical, but resourceful collection companies and departments should… Read More →

How to establish trust with your bank

Coldwell Banker

According to a recent survey, financial services and banks were noted as the least-trusted industries in 2012.  Despite the fact that the financial crisis occurred five years ago, people are still concerned about the reliability of banks. The 2012 Edelman Trust Barometer had more than 30,000 online respondents, in which only 46% of U.S. respondents… Read More →

How Can Companies Collect Faster to Free Up Cash?

Arizona Business Financing
February 11, 2013 by in Blogs | Featured | Finance

Accounts receivable (AR) is one of the most important, if not the most important, operations impacting a company’s cash flow. As a result, decisions and actions made within the accounts receivable department can be felt throughout an entire company. While the economy shows signs of improvement in some sectors, companies must still proceed cautiously and… Read More →

Research potential clients online to protect against fraud

internet
January 17, 2013 by in Blogs | Featured | Finance

While many business-to-business companies use the internet as a way to gather information on the individuals and organizations they interact with, the web can reveal much more than an  address, phone and basic facts on the products or services offered. Before getting into business with a company, it is important to do your research—and the… Read More →