No business wants to wait longer than average to get paid for their invoices. We understand late payments are most annoying for any business. Not only this, it can also affect your cash flow, eventually disturbing your financial planning for the future. SMEs are estimated to spend 4 hours per week on the task of […]
Are there moments when you feel that there is more to accounting than just QuickBooks? Well, you’re not alone! A SmallBizTrends latest survey reveals that “85% of business owners are seeking accounting software alternatives. While QuickBooks has been the ruling king of this domain for a long time, it’s not the only option. It’s time […]
Whether you have a startup idea or are already running a business and want to improve your finance management, this blog post will be an insightful read for you. Financial management is the most important aspect to grow and make your organization renowned. A report by CB Insights says that 38% of businesses fail because […]
Accounts payable, the process of handling and overseeing the pending payments and other financial obligations, is crucial in maintaining good relations with suppliers or vendors. It is sometimes burdensome for businesses to overcome accounts payable challenges. However, it is essential to know how to manage accounts payable effectively as it is a fundamental aspect of […]
Bills payable management has a vital role in ensuring a business’s stability and financial health. Whether it’s a small or a large-scale entity, neglecting bills payable can bring consequences and several hurdles in growth. However, it might be challenging to handle this process effectively, especially if you have hundreds of invoices. So, what is the […]
The rapid move of the world towards digital technology is making it essential for businesses to take a more strategic approach to handling their business activities. Cash flow management is one crucial task that any business needs to handle carefully. Accounts payable and accounts receivables should be recorded carefully in order to have a clear […]
Several technological advancements have changed the way we do business, and mobile payment apps are no exception. Payment apps make it easier than ever to connect with customers, clients, and vendors in new ways and on the go. Mobile payment apps can be integrated into your cash flow model to improve the efficiency of your […]
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 can cause future problems and tarnish your business reputation. A late payment can be one of the most detrimental issues […]
Introduction 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 you that comes with it, especially if this isn’t the first time you’ve attempted to create and stick to […]
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 of us have no clue what we are doing when it’s about managing our finances. Although it’s tempting to think […]
Entrepreneurs often have a difficult time sustaining their businesses. Instances are not rare when they struggle with cash flow management which is the bane of an entrepreneur’s existence. Difficulties arise when they are unable to manage their cash flow. One way to overcome this is by generating passive income from sources such as investments, royalties, […]
In today’s increasingly competitive business world, corporations are looking for any means possible to improve their bottom line. Project Managers can assist in this endeavor by using their knowledge of the AP system and its processes to suggest ideas that will save time, money, and resources. If you are looking for a way to improve […]
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