News2020-11-28T06:14:24-07:00

What Are the Five Steps To Managing Accounts Receivable?

Accounts Receivable is the cash balance owed to any company for goods or services provided and used but have not yet been paid for by the customer. Efficient and effective money management is at the core of the Accounts Receivable (AR) process. How well you handle your company’s AR and AP directly affects your cash flow and bottom line. Accounts receivable management is crucial to maintain control over your payroll, debt payments, and fuel [...]

By |May 14, 2021|Categories: Small Business|

How Can I Process Invoices Faster?

So much time and energy are exhausted making your business venture more efficient in every way. After all, time is money, so your efforts here are warranted. Automation makes everything run faster, with transactions happening, all around the world every second of every day. With such an emphasis placed on speeding up every process to serve our need for instant gratification, it’s no wonder that we must become more efficient with accounts receivable to [...]

By |May 7, 2021|Categories: Small Business, Invoices|

When Should You Issue An Invoice?

When it comes to invoicing, there are some common rules of etiquette that will hold true if a contract is not signed in advance to ensure that expectations of payment and acceptable methods will be followed. For example, it is most frequently observed that payment is to be made immediately after services have been provided. In other words, once services are rendered, an invoice is sent or provided to the client and either full [...]

By |April 7, 2021|Categories: Small Business|

What Is The Cheapest Way To Print Documents?

For years there has been the ongoing debate as to what the best, most efficient, or cost-effective ways might be for printing and mailing to be handled in the world of business ownership. Those qualities in a particular method are not always mutually exclusive, so sometimes the cheapest way to do it is not always the best. One might think that the do-it-yourself method must be cheaper and therefore better when it comes to [...]

By |March 31, 2021|Categories: Small Business|

Should You Outsource Your Statement Tasks?

Outsourcing is a term first used to describe the business process of relying on outside resources for the making of goods or the providing of services that would usually be done internally. Some say the term dates back to the outsourcing of manufacturing services during the second world war. Others report its first use in the late 1970s when used in conjunction with entrepreneurship and the business procurement process. Though there is a little [...]

By |March 24, 2021|Categories: Small Business|

How Can I Improve My Invoice Process?

Money has been described by financial gurus as having some qualities that are like a natural resource such as the energy of the universe or chi of the human body. It has been called the lifeblood of any business. Money needs to flow. Holding on to it too tightly can shut down its potential. Like squeezing a tube, the amount of flow is decreased by an outside or inside source. Releasing the tube opens [...]

By |March 10, 2021|Categories: Small Business|

The Late Fee Dilemma: To Charge or Not to Charge? That Is the Question.

One of the most common experiences that business owners share across the board when it comes to accounts receivable is the unpaid invoice. Every professional from a plumber to a physician knows firsthand how difficult it can be to get a certain percentage of people to pay their invoices in a timely manner. From small bills to huge contracts, late payments are costly for anyone running a business. They disrupt the flow of resources [...]

By |January 29, 2021|Categories: Small Business|

How Long Should You Give A Client To Pay An Invoice?

Any business that offers any goods or services in exchange for monetary compensation will also have to be in the business of sending invoices that request payment for said services either partially upfront like a deposit, during the process in installments, or upon full completion of the job or receipt of the goods. An invoice is a notice, either written or electronic, that details services billed for services rendered. It informs the recipient of [...]

By |January 22, 2021|Categories: Small Business|

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