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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
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…
