Tag: cash flow
computer with accounting

Should I Use Accounting Software for My Small Business?

Many small business owners have been turning to accounting software for their bookkeeping needs. Software can be used with or without an accounting department, depending on how lean your business is. Accounting software has stepped in to fulfill the need of monitoring financials and minimizing errors…

Managing funds

3 Strategies of Working Capital Financing

One of the biggest challenges for new and growing companies is managing their working capital. Businesses with slow paying customers can struggle to build enough working capital to build assets as the company grows. One method to help with this issue is through working capital financing.…

working capital management

The Importance of Working Capital Management for Your Business

Many business owners focus on the numbers on their balance sheet without paying attention to their cash flow needs. To keep your company running and help you expand your business, you must take charge of your working capital. Otherwise, you risk financial insolvency. Want to Share…

importance of working capital management

Understanding Credit Risk

Working capital management has a lot of components, but the most important part of managing your working capital is credit risk management. Business credit or trade credit is an important factor in running a small business. Selling to other businesses on credit terms affects cash flow…

cashflow podcast

Smart Books Smart Tax

Listen to host Vernon Foster interview Ian Varley on cash flow and small business financial health here: How to Free Up Your Cashflow: 61% of small businesses struggle with cash flow. Increasing sales and increasing revenue does not equate to healthy cash flow. In fact, growing…

receivables management

Accounts Receivable Management

Only 50% of small businesses survive past their fifth year. This statistic should not discourage entrepreneurs from starting their own business, however. Business failure is not wholly representative of a bad product, a bad market, or a bad business plan. Instead, it comes down to cash…

when to send your customer to collections

Business Essentials: Collections

Do I Send My Client to Collections? The collections process for small businesses is a major resource drainer. It takes time, effort, and consistency to get paid on-time. When clients are waiting longer than a few days to pay open invoices, it will hurt your company’s…

survive recession

How Can Small Business Survive A Recession?

There is increasing speculation of an impending recession due to the trade war between America and China, Federal Reserve rates lowering, and an inverted yield curve. But what does all this mean to the common small business owner, and what preparation can foresight provide entrepreneurs? Is…

Financing Unexpected Business Costs

Doing business isn’t always perfect. Much like the real world, there will be unexpected costs. Maybe your daughter broke her arm climbing a tree, or maybe your landlord is increasing the office rent by 10%. Both scenarios may require extra capital that isn’t available. Maybe all…

relieve stress as an entrepreneur

How to Recession-Proof Your Business

Will Your Business Need Funding During a Recession? It’s been a decade since the last major economic downturn in America. Since then, unemployment has declined to pre-2008 rates and recovery has been slow but steady. But the economy is cyclical, and two-thirds of business economists expect…