We all know that cash is king when it comes to running a successful business. But did you know that timely payments are the key to maintaining a healthy cash flow? It’s especially important when you have multiple ongoing projects with different clients. The problem is that manually managing invoices and payments can be a […]

Like most business owners, you also understand the importance of invoicing and know that it’s an essential part of running your business. However, creating and sending invoices can be time-consuming and tedious – not to mention. It’s easy to commit a mistake that can cost you money. The good part is that you can automate […]

When you start up your business, there are many startup mistakes to consider before setting out to fulfill your dream of becoming an entrepreneur. Prepare yourself financially to start right and avoid the expenses of starting and running your own business. When putting together your business plan, it’s essential to plan for these expenses, as […]

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 […]

what is procure to pay How does your organization conduct procure-to-pay processes? How long has it been since you’ve thought about your business’s procurement-to-pay process? Not sure? Well, you’re not alone. It’s a situation that needs immediate attention. For many businesses, the answer might be awhile. But neglecting to refine and improve your procure-to-pay operations […]

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 […]

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 ruin your business relationships, damage your reputation and lead to even more unpaid invoices down the road if it goes […]

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 […]

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, subscriptions and other services. Customers must authorize recurring payments by signing a one-time authorization form. The most convenient method to […]

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 is so important. Without these bills, you won’t get reimbursed for the services or items you provided, which means you […]