Late payments can be a big headache for any business owner, whether you’re selling products or services. Late payments affect your cash flow, but they can also hurt feelings between you and your customer, which …
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Budgetary Control: 10 Questions To Ask When Developing A Budget
Going over your expenses and keeping track of where your money goes is an important part of budgetary control, but it can seem confusing at first. If you’re new to budgeting, the information may overwhelm …
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Unpaid Invoices: How to avoid these 8 common mistakes
Whether you run a small business or are an individual working on your own projects, it’s important to be familiar with best practices and common mistakes when dealing with unpaid invoices. A late payment can …
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3 Big Financial Mistakes to Avoid in your 20s
The financial mistakes people make in their 20s are often the biggest ones. It takes a decade to build a business, establish a career, and be independent, but before that, there’s an age when most …
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Want to Accept Recurring Payments? It’s as Easy as 1-2-3
A Recurring Payment, also known as subscription billing or automatic payment, is an automatically processed money transfer that regularly repeats as per a predefined schedule. Businesses frequently create recurring payments to collect fees for memberships, …
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3 Reasons Why a Cashless Society is Inevitable?
Entering the 21st century, it’s hard to imagine that we can still do business without paper money and metal coins. That might not be the case in the future, though, as we move toward an …
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Preparing A Cash Flow Forecast: A Step-By-Step Guide
Preparing your company’s cash flow forecast isn’t something you should do as a mere formality or as part of the general accounting process. It’s one of the primary tools you can use to keep your …
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10 Invoicing & Payment Terms You Need To Know for Successful Business
Regardless of sector or size, businesses need cash flow from clients and consumers to meet their operating costs, such as employee wages and electric bills. That is why knowing and understanding invoicing or payment terms …
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Financial Management Tips & Tricks for Consultants and IT companies
Financial management is essential for a business’s long-term success and growth. It entails establishing, managing, controlling, and monitoring your financial resources to achieve your company goals. You may believe your cash management is complicated and …
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10 Ways to Prepare a Cash Flow Statement Model That Actually Balances
A cash flow statement models the flow of money into and out of your business to give you a better picture of your existing financial situation and how it’s likely to change in the future. …
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