Did you know that a quarter of business failures are due to an interruption to cash flow? 40% of small-to-medium sized business owners say they would stop doing business with customers who paid late, while 90% said they would pay their own suppliers on time if their customers paid bills by the due date.(more…)
Invoicing is a task that can feel tedious and perhaps seem so straightforward as to not need a lot of attention. After all, it’s a standard task, and everyone has to do it, no matter how cumbersome. What’s the big deal, you might wonder. But businesses of all sizes need to understand how crucial this piece of operations really is, especially in terms of positive cash flow.(more…)
Tax season isn’t over yet! 2019 still has some deadlines to hit, so make sure you know how to keep your accounting compliant.
From small family-run businesses to large multinational corporations, everyone needs to follow the same sets of rules. This also means that within every level of business, the tax and finance professionals involved are all expected to understand and apply rules and regulations that can be confusing and complicated. (more…)
Feeling overwhelmed with financial and accounting tasks? Have you ever wondered when it’s time to outsource some of your bookkeeping?
As a small business owner, one of the most important decisions you can make is whether to keep your accounting in-house, or to outsource it to a specialist. (more…)
Have you ever found yourself confused and frustrated when dealing with bookkeeping? Arguably the most crucial departments in a business, the process needs to be smooth.
Accounting is one of the basics in a business, and certainly one of the most important areas to master if you want to run a successful firm. Checking and analyzing your firm’s financial information can feel daunting, and can bring extra costs and stress. Among business owners, it is one of the most hated tasks! So stop dreading the accounting process, and think seriously about automating your accounting business with some or all of the tasks associated with bookkeeping. (more…)
You know that to get paid you need to invoice your clients. That’s the easy part.
But how can you make sure you get paid on time? It’s impossible to control just when your customers finalize their bills, but there are things you can do to ensure speedy payment and to ensure that your invoicing mistakes haven’t contributed to a longer-than-expected payment period. (more…)