Money, Uncategorized
Collection Recovery: Turning Up the Heat on Late Paying Customers
When you begin to see the transformation of your loyal customer into a debtor, what do you do? You’ve sent letters, made phone calls but nothing seems to be working. Understanding how important your accounts receivables are, you must realize…
Money, Trends
Which Accounting Software is Best For My Small Business?
Did you know? Accounting software can actually serve as the entire accounting department for your small business. Taking care of everything from invoices to payroll, these comprehensive programs affect nearly every part of your business. You may need a…
Money, Trends
Is Crowdfunding Right for Small Businesses?
Crowdfunding, also known as crowdsourcing, is an innovative way to raise seed money with simply a great idea. You can get your small business off the ground, without the annoyance of credit applications or stockholders. Skeptics claim that crowdfunding is…
Money, Trends
Perfect Plastic: The Best Small Business Credit Cards
Your credit card is an important source for day-to-day spending and even possibly seed money. In 2008, 2 out of 5 small businesses used credit cards to finance capital, according to a report by the National Small Business Administration. Credit…
Trends
CFPB Sets Its Sights on Collection and Reporting Agencies
A new government agency has been causing controversy on Capitol Hill. Formed in July 2010 under the Dodd-Frank Act, the Consumer Financial Protection Bureau (CFPB) aims to educate and protect consumers from unlawful financial practices. The bureau’s most recently proposed…
Money
Credit Applications: Putting Them to Work for You
There is untapped power for your company in your credit applications. Improving your application can lead to better sales, grants and of course, collections. But to understand what you want your credit application to accomplish, you first need to…
Money
Cash To Go: The Ins and Outs of Receivables Factoring
Sometimes your company simply needs cash as soon as possible. Receivables factoring allows you to raise working capital in less time and with fewer hassles than a loan. However, receivables factoring should be a last ditch effort for small businesses,…
Money
Advice from the Expert: Making Effective Collection Calls
Collection calls are hard because they are a part of business, but it is also a personal matter which is what makes it so hard to do. People get emotional and have to make business decisions about their bottom line. Calling a past…
Money
Wording that Works: What Invoice Terms to Include So You get Paid Faster
If you catch more flies with honey, can you collect more payments with sweet invoice terms? The accounting software Freshbooks performed a study, in which they experimented with different invoice terms and saw whether wording affects the number of…
Money, Trends
Get Paid on the Go: Top 5 Mobile Payment Apps
Accounts receivables are going mobile! In addition to games, calorie counters and movie times, you can now use apps to receive payments from your customers. To be an accounts receivables management pro, we have always preached that you have to…
