New business owners have many tasks to manage. One essential element they don’t always consider right away is the importance of small business accounting. Even if you’re a startup, it’s best to learn how to manage your books as soon as possible.
How to Reduce your Business’s Risk of Bad Debt
Bad debt is a serious risk for every business. Bad debt is accounts receivable that will not be collected and therefore, treated as a loss. Let’s look at 10 effective tips to help you avoid bad debt in business.
9 Advantages of Invoice Factoring For Growing Your Business
Any B2B business that is looking for ways to boost cash flow without taking out a traditional loan may be interested in invoice factoring. When invoices are factored, you receive immediate payment from the factoring company instead of having to wait for business clients to pay. There are numerous ways that invoice factoring can contribute to better cash flow and business growth. Read more
How Factoring Benefits Staffing Agencies
If you run a staffing agency, you understand the importance of cash flow. Waiting for customers to pay their invoices can create painful gaps in your cash flow. One solution to this common problem is invoice factoring, a type of financing where you get paid for your invoices immediately rather than having to wait for clients to pay. Read more
7 Tips On How Businesses Can Weather Unpredictable Futures With Limited Resources
Starting and running a business has always been a risky and unpredictable endeavor. Since 2020, however, conditions have gotten more uncertain than ever. How do you prepare for the unknown, especially if you don’t have massive cash reserves to draw from? Here are 7 business tips to help you navigate uncertain times.