Accounts Receivable Management is near and dear to my heart. It is one of the best ways to increase your cash flow - click on the link below for a great article on this very issue:
Struggling for Cash Flow? Strategies for Survival
Business News Daily - May 3, 2019 - Skye Schooley, Staff Writer
Five Key Points:
- Borrow money before you need it.
- Re-evaluate your business operation.
- Restructure your payments and collections.
- Monitor where your money is going - debt & savings.
- Take advantage of technology.
Starting a new business is fun and exciting, but it can also weigh you down if you try to do everything yourself. One of the ways in which we help our clients is to recommend products and technology solutions that we know will help ease this burden.
One of the most important tools you can purchase is accounting software. Accounting and financial management has always been a key component for any business as it gives you a view of your profitability and your losses. This process is crucial because it gives you a continuing view of your sales, expenditures and income records which will afford you the opportunity to make sound financial decisions and changes during the year.
We recommend a cloud-based system rather than a desktop system so that you will have access to your files anywhere, any time. We use Quick Books Online, but there are other prime tools for small businesses as well:
Should you have any questions regarding any of these products, give us a call and we'd be happy to help in any way we can.
CPN & Associates LLC is a Business Consulting Firm offering strategic business reviews, analytical financial reviews, operational management, and many other small business services.