Make Money In the Profit And Loss Without Losing It In The Balance Sheet
Financial Statements can be a bit of a mystery to the uninitiated. If you begin to glaze over when it comes to looking through your Balance Sheet - you're not alone. We are often asked “What's the Balance Sheet for and what does it really mean?” It often comes as a shock that the Balance Sheet can make or break a business.
Accelerating Cash Flow By Streamlining Accounts Receivables
Streamlining your Accounts Receivables will result in improved cash flow for your business. Entrench these steps into your business system you will find Accounts Receivables less of a hassle.
9 Tips For Debt Collection That Works
Particularly in the current economy, cash is king. It's critical, in order to stay afloat, that you have tight reins on your cash.
Improving Profit Through Better Cash Management
Companies go bust because they run out of CASH. Recognise the importance of cash to run your business and positively manage it.
Balancing Cashflow
Day-to day-operations - and sometimes even survival - can all come down to how we're able to manage the inflow and outflow of cash: our cashflow. So how can SMEs better manage their businesses' cashflow?
How More Sales Can Cause Cash Flow Problems
The age old question accountants get asked by business clients is "How come I've made more profit but I don't have any more cash?". The answer to this question may lie in the issue of the 'cash flow cycle'.
How To Speed Up Payment From Customers
In this article, I discuss recovering money and ways to speed up payment after the invoice has been sent out to your customer.
Dam The Cash Outflow
Generating money, getting paid and keeping profits are all challenges for small businesses.
Six Steps To Avoid Bad Debts
How well you do your debt collection can make or break your business. Every business has different methods and issues, so let's look at some of the key factors in running a successful debt collection process, in a typical business.
Why Profitable Businesses Can Go Bust!
If a business is selling plenty of products or services and buying labour and parts at the right price, how is it possible for it to go bust? Cash is more often than not the reason why so many businesses fail.
Keeping The Cash Flowing
It's a bloodbath out there! You read the papers, you walk through the shopping malls, and retailers are closing up or being bought out. It's been a long time since one could remember retail being so tough.
Credit Risk Strategies To Minimise Bad Debts And Improve Cashflow
Winning sales is half the battle; ensuring you get paid is the other half!
Cash Is King
Over the years large retailers have been hell bent on reducing inventory and wages as a means of freeing up more cash. Retail buzzwords such as 'stock turns' and 'wage percentage' have been the mantra for the industry. Whilst this has brought various amounts of success, the challenge for most retailers is that they don't understand the full mechanisms of cash flow.
Cash Flow - The Key To Success
"Cash flow... the key to success" should perhaps be renamed "Cash flow... the key to survival!"
Debtor Control Checklist
Companies must take control of their debtors to ensure they don't end up in financial difficulties.
Working Cashflow - Should Short-Term Investment Be Considered?
Financial management is part of our daily lives whether we are at work or play. To some ‘playing with the numbers’ is a form of entertainment, but to many of us it is a chore that comes with a ‘if it ain’t broken, don’t fix it’ approach. But what if you could save yourself cash by being more efficient, or better still, actually make money by investing cashflow in the appropriate funds?
5 Myths Of Inventory Reduction
Working capital management and achieving a positive cash flow are arguably the two most important requirements for staying in business. After all, cash is king!
Creating Cash Flow Projections You Can Trust
Trying to run a successful business without cash flow projections is like driving along on the freeway in a driving rainstorm without turning on your windshield wipers.
Debt Recovery & Good Credit Control
Most businesses experience some problems getting paid on time by their customers. Good credit control helps to prevent this becoming a serious problem. However, there are occasions when a customer cannot, or will not, pay. To avoid a bad debt, you may need to use a third party or take legal action to recover the money you are owed.
13 Steps To Help You Get Paid
Getting started, recognising customers in trouble and maintaining your importance: all key elements in helping you get paid.
Cash Flow: Keeping Businesses Alive And Growing
Adequate funding for a business is always important, whether it be at start-up, after years in business, or at the time of succession. Whatever the stage of a business, cash is king and the planning for it is paramount.
Debtors: How To Manage Them And Prevent Bad Debt Write-Offs
Sound credit management is a critical aspect of a growing business particularly as mounting unsettled customer accounts often accompany a business' growth.
Debt Collection For Your Business
It is important for all business operators to have a structured debt collection policy to help preserve sufficient cash flows for the business.