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6 Tips for Managing Your Business Finances

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…

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How to Manage Creditors During a Cash Flow Shortage

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…

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Why Your Business Has No Cash But Makes a Profit

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…

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10 Considerations When Selecting the Best Factoring Company for Your Business

  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 Launches Newly Designed Website

  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…

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How to Prevent Invoice Disputes Delaying Payment of AR Accounts

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…

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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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How to Get Started with Outsourcing

Follow These Steps to Implement an Outsourcing Strategy Outsourcing can help your company make better use of its resources. It can expand your company’s capacity without much increasing its costs. If you have never explored the idea of outsourcing, though, you may not know how to start implementing it in your company. This article outlines…

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10 Reasons Why AR Should be Viewed as a Customer Service Function

Accounts Receivable Team’s Actions Part of Brand Experience It is common practice for accounts receivable (AR) processes to be managed by the finance department. After all, a sales invoice is an accounting document, and chasing debt is a finance problem. It may be practical for accounts receivable to be managed by the finance department. But…