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What’s the Most Important Part of Cash Flow? Invoice Terms

Owning your own business provides a rewarding experience. As your own boss, you can set your hours and your priorities. You are also free to pursue the work that you find rewarding and fulfilling. But no matter how much you love what you do, collecting your pay remains a necessity. After all, if you don’t […] The post What’s the Most Important Part of Cash Flow? Invoice Terms appeared first on SmallBizClub.

5 Useful Accounting Tips for Small Businesses

Unless an individual is an accountant or really enjoys working with numbers, then accounting is not a favorite task. Nonetheless, adopting certain good habits in the early stages of your small business can assist in averting major ones later on. After completing incorporation of your new small business, it is essential to have processes and […] The post 5 Useful Accounting Tips for Small Businesses appeared first on SmallBizClub.

Have Uneven Cash Flow? 5 Ways to Smooth It Out

Small businesses, freelancers and “solopreneurs” alike know all too well that steady, predictable cash flow is a peace of mind that is not always guaranteed. Luckily, there are some things you can be doing to mitigate those dips and help make your financials get into a more reliable state, month after month. Update Billing Cycles […] The post Have Uneven Cash Flow? 5 Ways to Smooth It Out appeared first on SmallBizClub.

Why Your Business Will Switch to E-Invoicing

In December a medium-sized business announced they would launch e-invoicing on New Year’s Day. While the company’s finance department was thrilled, their customers were underwhelmed. Most customers had their doubts — and some even refused. “Our company is not ready,” was the frequent refrain. It has been estimated that the average cost of sending a […] The post Why Your Business Will Switch to E-Invoicing appeared first on SmallBizClub.

The business case for improving the purchasing process

Many businesses rely on controls over expenditure at the point of receipt of a supplier invoice, making it difficult to produce timely and reliable management accounts. This results in a lack of visibility of commitments that have been previously made, leading to surprises. When supplier invoices arrive, spending may have been higher than expected. Moving The post The business case for improving the purchasing process appeared first on Small Business.

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