Tag: receivables
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…

invoice factoring

How Can You Use Invoice Factoring to Grow Your Business?

If you operate a small business of any type, then you have probably at least heard of invoice factoring. While invoice factoring is an incredible way to grow your business, most people are simply not aware of how they might use such a service to the…

working capital management

What is Working Capital?

Working capital is the lifeblood of small businesses. You may be making sales and growing revenue, but how does that translate into profit? This is where your working capital and ability to grow without cash flow problems can translate to profit. Having more liabilities than assets…

accounts receivable financing companies

Common Invoicing Problems

Invoicing is an expected burden of business. When selling to other businesses, credit terms and invoicing are a part of the package. This means that a simple delivery of goods or services performed can become more complicated with the drafting, delivery, and collection of invoicing. However,…

small business invoice financing

Business Essentials: How to Create a Business Invoice

This is Part 1 of a Business Essentials Series: Part 2 If you are a business selling to other businesses on credit terms, you will be issuing invoices. At minimum, a business invoice details: what you are selling, how much you are selling it for, when you…

cash flow challenges 2021

Overcoming Cash Flow Challenges Right Now

A huge challenge to small business growth is cash flow. The majority of small businesses struggle with managing their cash flow, and cash flow issues are the number one cause of small business failure. 2020 was a rough year for small business owners, and many businesses…

importance of working capital management

How to Improve Your Business Cash Flow

There are so many reasons why you need to improve your business cash flow. It takes money to make money, so you need to have cash on hand to afford supplier costs, labor costs, overhead, and marketing. When it comes to growing your business, you need…

invoice factoring for staffing companies

Invoice Factoring for Staffing Companies

Staffing factoring is crucial to a staffing company’s balance sheet. Payment terms with clients mean a gap in available working capital for staffing businesses. Your employees need to be paid on time, but you are waiting for your clients to pay. Here is where invoice factoring…

receivables finance

What Is Receivables Finance?

So, what exactly is receivables finance? In short, it is a simple way to get immediate money for your open invoices or receivables. It comes at a cost of one to four percent of the receivable’s value. It is easier to qualify for than a bank…