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Collect Accounts Receivable Faster with these Tips
Accounts receivables are considered part of your business’ revenue. However, it’s not yet cash because a customer has yet to pay it. If the delay in payment is too long, your business might encounter cash flow problems even if it’s generating revenue. Collecting...
What are the Different Budgeting Methods?
Running a business requires funding from different sources. Some owners make the mistake of spending too much money for little to no returns. They think they have enough cash to cover daily operations and take on projects that allow their company to grow. However,...
Cash Flow 101: Direct Vs. Indirect Forecasting
The way you manage your business’ cash flow has a positive or negative effect on your resources, profitability, and growth potential. If you mismanage your cash flow, your company won’t have enough resources to develop new products or improve customer service, will be...
Why You Should Choose Cloud Accounting
It might be time for you to upgrade to a cloud-based accounting and bookkeeping system. Doing so allows you to scale up your growing small business. You can handle more transactions and manage and keep your financial statements secure. Accounting software simplifies...
