Try this approach to simplify your accounting process for recording invoice factoring Handling the bookkeeping of factored sales invoices is not overly complex. However, some accounting systems may complicate the process. And, if you have never recorded the various transactions associated with invoice factoring, the accounting can seem more complex than it is in reality. […]
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 […]
Release Working Capital with Invoice Factoring Invoice factoring is a great way to release the working capital tied up in your sales ledger. But all invoice factoring companies are not the same. Indeed, some invoice factoring companies work on significantly different terms and conditions than their competitors. And, of course, some factoring companies have […]
Universal Funding Corporation is excited to announce the launch of our newly designed website. Visit us at www.UniversalFunding.com. We wanted to make the new website faster, easier to navigate, and more user-friendly. As a financial solutions provider, it’s important for us to make information regarding our services, how businesses can improve cash flow, and […]
Improve Customer Service and Cash Flow Invoice disputes are a common reason for the late payment of accounts receivable (AR) invoices. Sometimes, one disputed sales invoice can delay payment of the entire account. So, having a procedure to deal with disputed AR invoices is essential to improve customer service and help with a business’s cash […]