National Small Business Week
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National Small Business Week

Celebrating America’s Entrepreneurs Spanning more than 50 years, National Small Business week, May 1-7, offers us the opportunity to celebrate the 32.5 million small businesses and the countless contributions they make to local communities, their part in bringing new ideas to life and growing the national economy. The Small Business Administration (SBA) theme for National…

11 Warning Signs A Customer Account is About to Become a Bad Debt
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11 Warning Signs A Customer Account is About to Become a Bad Debt

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…

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Ten Strategies to Avoid Small Business Overspending

How to Keep a Tight Rein on Business Expenses A business owner has much on their plate, so managing the finances of a small business can be challenging. Consequently, it can be easy to spend more than anticipated and not discover the overspend until the cash flow gets tight. However, implementing the following processes will…

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The Top 10 Most-Read Articles of 2021

How can your business overcome the financial burdens of the past year? Over the past year, Universal Funding has published a variety of articles that explore topics ranging from financial forecasting and avoiding bad debts to managing your cash flow. Out of all of those various articles, here are the ones that piqued the most…

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10 Tips to Improve Cash Flow Forecasting Accuracy

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…

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How Much Are Your Accounts Receivable Costing You?

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…

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10 Tips for Determining B2B Customer Credit Terms

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…

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10 Questions to Ask Before Giving Credit to B2B Customers

Implement Robust Credit Controls When a new business-to-business (B2B) customer comes to you with a large first order, your immediate inclination may be to open a bottle of champagne. However, there are risks involved in all credit accounts that it would be foolish to ignore. The most obvious risk of providing credit is that the…

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10 Steps to Build and Maintain Business Cash Reserves

Strengthen Your Balance Sheet with a Healthy Cash Reserve The COVID-19 pandemic demonstrated, yet again, that nothing is certain in business. A perfectly healthy business can be hit by the unexpected at any time. However, companies with a cash reserve to fall back on are the most likely to survive downturns in fortune. The question…