Get needed financing and learn financial accounting.
Before you extend credit, you'll want to craft a policy that ensures you're making it easier for customers to pay you without making it a cakewalk for the unscrupulous to scam you.
Making smart fiscal decisions is a large key to improving your cash flow, but cutting your operating costs is equally important. Discover what outsourced services and operational changes can reduce your operating costs and improve your cash flow.
While shortening the collection period can be a helpful strategy, managing your cash outlays represents the other half of optimizing your cash flow. See how you can hang on to your money for longer periods of time without incurring
"Compensating the Business Owner -- Part II" explores the numerous legal and tax-deductible ways a business owner could compensate him- or herself besides the usual salary or owner's draw."
Wouldn't it be lovely if your customers paid you faster? While it may sound like a pipe dream, consider these methods for improving your average collection period.
Once you've made your cash inflow and outflow projections and looked at the results, follow these steps to improve your cash flow.
While projecting when your business will receive cash from customers is critical, the flip side of the coin is equally important. Knowing when you'll have to pay out money can give you insight to make the right business decisions.
Preparing your cash flow budget will help you project cash inflows and outflows over a specific period of time. Learn how to create a sales forecast for your business with this invaluable budget.
Managing and accounting for your inventory is one of the most critical functions for a business that maintains an inventory of goods to be sold. Through a variety of free tools, you can streamline your inventory-taking and -management times.
When you consider expanding or purchasing expensive equipment, you may put your business in jeopardy or pave the road for expansion. Do the math before you dole out the cash.
Although sometimes painful, economic downturns are temporary and provide an opportunity to assess your business's direction.
The general ledger reflects a permanent summary of all your supporting journals, such as the sales and cash receipts journal and the cash disbursements journal. Closing your books and maintaining your general ledger should be one of your top priorities.
Your credit terms set the time limits for your customers' payment on the merchandise or services received. Learn how to create a clear policy delineating when to extend credit to a customer and, if so, how much and for how long.
Learn the unclaimed property rules and their time limits for the state of West Virginia.
Learn the unclaimed property rules and their time limits for the state of Washington.
Learn the unclaimed property rules and their time limits for the state of Virginia.
Accounting for the results of your business activities requires keeping your records in an organized and consistent fashion. While businesses differ tremendously, the basics of accounting critical to running any business remain the same.
Learn the unclaimed property rules and their time limits for the state of Vermont.
Section 504 loans are intended to help you avoid the large down payment and floating interest rates typically associated with the purchases of "brick and mortar" fixed assets. You'll want to fully understand the financial commitment necessary to obtain this loan.
In need of some short-term funding? Check out the SBA 's capital umbrella program CAPlines that offers asset-based lines of credit and revolving lines of credit to small businesses.