What if a client owes you a large sum of money but fails to pay you? As it happens, your finance team can play a significant role in recovering the payment. Indeed, there may be a variety of reasons why someone doesn’t pay their bills. Working with a professional accountant, or outsourcing your business finances […]
When it comes to business finances, cash flow is arguably the most important. Even if you have been promised lots of credit from venture capitalists, and even if you expect that you will break even by the end of the year, not having adequate cash flow in the interim can spell disaster for your fledgling […]
Properly managing payable and receivable accounts is an important aspect of every business; no business can function without managing their liabilities and assets. Unfortunately, most small business owners didn’t get into business because they loved managing numbers, and they often find themselves falling behind when it comes to proper accounting. When you don’t manage your […]
