Cryptocurrency has gained an awful lot of traction (and press) in the past few years. Many people are excited about what it means for the financial industry, others are uninterested, and a lot of us are just plain confused! So what is it, and what makes it something that you should keep on your radar? Is it simply the newest craze, sure to die out quickly? Or is cryptocurrency the wave of the future? (more…)
Accuracy in receiving, verifying, and tracking invoices is crucial for maintaining a positive cash flow for your business. These processes can be complicated, prone to human error, and lead to delays from the first step to the last. Maintaining financial accuracy can present issues for your company even if your staff is well-trained and organized. Often, the expectations for your accounts receivable don’t match up with reality. (more…)
Already using Xero for your accounting needs? Excellent choice! Xero’s time saving tools have likely helped you to free up space in your business, and get you the accurate results you need with features like invoicing, inventory, and fast bank reconciliation. Now that you’ve seen the benefits of tracking your invoices, it’s time to consider doubling up on the ingredients that help drive profitability and growth. (more…)
Struggling with unpaid invoices? Are you looking for a way to speed payments and incentivize your clients to pay on time?
Being paid on time equals improved cash flow. This is common knowledge, but how can you make it easier for those in receipt of your services to pay outstanding fees, so that your business reaps the benefits? After all, in the UK in January, average e-commerce weekly sales were at a staggering £1.2 million–a figure that is steadily increasing. We at Invoice Tracker have partnered with Stripe to assist you in this process. But what is Stripe, and how can their services help the cash flow in your business? (more…)
Profit is the most important economic goal for your law firm. It is a challenge to balance an increase in profits while reducing clients’ fees. Sure, you can pile more hours onto your already busy schedule, and you could charge higher rates than you do, but that would mean losing loyal customers and burning yourself out in the process. (more…)
The concept of billable hours is changing with the times we live in. Clients are no longer charged based on estimated time, and employees are increasingly working outside of the traditional model, where wages and hours are static. Increases in both inflation and running costs means that businesses today need to make sure that they are keeping up with the pace of technology to keep their profitability and cash flow high. (more…)