No matter what kind of business you’re running, you need money in order to keep moving forward. This means that a formal and structured budgeting process is the foundation of every successful business. And just like with personal finances, coming up with a budget takes a lot of … [Read more...]
How to Reduce Costs in Your Business
Saving money for your company does not necessarily require large scale overhauls of your current business model. In most cases, being smarter with fund decisions simply takes a little bit of critical thinking, and a little wit can go a long way. Here is a look at some surefire … [Read more...]
4 Ways AP Automation Helps You Improve How You Handle Your Accounts Payables
Accounts payables have to be handled carefully and transparently in organizations or there is the chance that payments are missed or misrepresented. In handling AP, accounts payable automation or AP automation can help a lot. The software helps in multiple ways – we will see some … [Read more...]
Cash Flow Forecasting for Small Businesses
If a business runs out of cash and is not able to obtain new finance, it will become insolvent. Therefore, it is a poor excuse for management to claim that they didn’t see a cash flow crisis coming. In business, “cash is king”. Cash flow is the life-blood of all businesses – … [Read more...]
Outsource your software setup or go it alone? What’s best for you?
As a small business, keeping tabs on your finances is essential. If you don't know how much you've got you can't spend it. If you don't know who owes you the money you can't chase it. And if you haven't got a cash flow your business can't grow. Which is why many small … [Read more...]
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