Cash management is the key to staying in business — no company lasts long without consistent cash flow and strong collections activities. Learn the 4 keys to cash management and implement them today.Continue Reading » →
Posts Tagged Accounts Receivable
Every year, two out of three small businesses fall victim to some level of fraud. Not all of them know it. Some never will. The damage may be small and contained … or it may still be growing. Worse, 80% of attempted small business fraud comes from outside of the organization. That means that your company’s financial data is most at risk after it leaves your office, where it may be completely out of your control.
How big of a problem is this? The average small business fraud victim lost $23,100 … but there are 5 key things you can do to avoid this fate.
It seems to go against the grain of strict accounting rules, but it is true nonetheless: How you organize your financial statements is entirely up to you. It’s a freedom that can help you better understand your business — so long as you tread carefully. Nowhere is this freedom more […]Continue Reading » →
As a strategy and finance turnaround consultant, I have worked with many companies in crisis – usually one triggered by cash flow problems. The company’s bank account is heading toward the red and the business owner wonders how to meet future expenses. Cash flow crisis require fast action and the […]Continue Reading » →
Employees won’t wait for payroll and landlords don’t want to hear about your cash flow when rent is due. Sure, cash is a problem. But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here’s how you can get the cash when you need it […]Continue Reading » →
I’m embarrassed to tell you that I actually screamed at a salesman over the phone today. It takes a lot to get me worked up, but in this case I broke. I simply wanted to PAY this guy, and he could not take payment over the phone. ME: “What? No invoicing? No […]Continue Reading » →
I recently discovered a number of businesses in the USA that are helping the Russian Mob rip people off. If you sell a product, your company could be one of them. I’m not kidding. HP and Office Max are on the list. So is PayPal. And hundreds of other companies […]Continue Reading » →
If you generally charge customers more than $10 at a time, ACH is the cheapest, easiest and most efficient way to get paid. I’m not promoting any particular solution, but here’s a few ways you can ditch Visa and Mastercard — and save thousands of dollars a year.Continue Reading » →