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Let’s face it, there’s a lot of information out there and the volume of content is increasing exponentially. You probably receive more than your daily fill of great information to help you run your business more effectively. Here’s a look back at the most read blog articles that piqued our reader’s interests.
Common AP Threats and How to Reduce Them Accounts payable (AP) is a vital function of any business. If vendors are not paid on time, supplies can be cut off, and the company could grind to a halt. But it’s not only the smooth running of an AP department that is critical. There is also…
Take these steps to minimize your exposure Bad debts rarely occur overnight. There are usually warning signs that an accounts receivable customer is experiencing financial difficulties. If you can spot the signs of a customer struggling to pay their invoices, you can take steps to minimize your exposure. Here are eleven signs that a customer…
How to Reduce the Risk of Writing off Unpaid Invoices Whenever you extend to customers, you run the risk of incurring bad debts. Of course, you can take out business credit insurance to cover the cost of unpaid sales invoices, but credit insurance can cost as much as 0.25 cents for every dollar of sales….
A Comparison of Business Financing Methods From inventory and equipment to insurance and marketing, you purchase a variety of goods and services to run your business. That means you’ll need plenty of cash flow or have to secure funding to pay for it. While there are dozens of ways to finance your business, most are…
Cash flow problems can sink a business, but it’s a fact of life that not every invoice is paid on time. With established partners and customers it’s good to give some leeway to maintain good relations, but there comes a time when you need to call those debts in. If prompt payment isn’t looking likely,…