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Key Points to Consider When Deciding Between Invoice Factoring and a Term Loan It is not uncommon for a growing business to find itself short of cash. And an immediate shortage of available working capital does not necessarily mean that the company is in trouble. Indeed, an expanding business may need to buy equipment and…
Accurate cash flow forecasting is easier said than done. After all, you are at the mercy of your customers regarding how much money is received each month. And, sometimes, unplanned expenses can put an unexpected strain on financial resources. Accurate cash flow forecasting is crucial for business owners as it helps them make informed decisions about…
Implement Robust Controls to Allow for Healthy Business Growth It is relatively easy to keep a tight rein on expenditures when a business is small. But, as your company grows and you take on employees, purchasing can get out of control. And you could find yourself asking questions like, who ordered this? Or, why on…
These Ratios Help You Understand the Working Capital Cycle There are many financial ratios and key performance indicators that can help you manage your business. So many that a small business owner could tie themselves up for days calculating and annualizing the various performance indicators. But suppose your business is profitable but has been experiencing…
Follow These Tips to Maintain Positive Cash Flow Your business finances are crucial as they determine how you run operations and grow. Therefore, business owners need to learn how to manage their finances to avoid getting into a struggle that jeopardizes their investment. You should always be in control of the finances if you want…
Understand the Hidden Costs of Unpaid Sales Invoices You know that carrying accounts receivable (AR) costs you money. After all, every one of the outstanding sales invoices on your aged AR report represents your money sitting in someone else’s bank account. But the cost of financing your accounts receivable is only one part of the…
Tips to Handle Creditors When Your Business is Short on Working Capital Cash flow issues are not uncommon for small businesses. Indeed, most small business owners will have struggled to pay the bills at one time or another. However, so long as there is a reasonable probability that a business can move out of its…
Identify Common Causes of Cash Flow Issues Business accounts can be prepared in one of two ways. The first method of accounting is known as cash accounting, which means that transactions are only recorded in the books when money changes hands. If you are using the cash accounting method, your accounts will mirror movements in…
Examine Impact of Payment Terms on Cash Flow Most companies operating in a business-to-business (B2B) sector will need to offer customers credit terms. If a company insisted on cash with orders, it would be hard to win customers in a competitive B2B market. Whenever you sell goods or services on credit, though, there is an…
Keeping the Balance Between Collections and Customer Relations If you want to maintain a healthy cash flow, you must keep on top of your accounts receivable, and that will inevitably mean sometimes chasing late payments. But collecting overdue accounts must be handled properly, because, on the one hand, you must be firm enough to ensure…