5 Strategies To Accelerate Cash Flow in Your Business
5 Strategies To Accelerate Cash Flow in Your Business Maintaining a healthy cash flow is one of your top priorities as a small business owner. Poor sales or a slowdown of customer payments could put your company in financial trouble. The good news is that there are ways to speed up your ca...
12 Business Benefits of Using B2B Technology
Companies in the business-to-business space have historically been slower to embrace new technologies than companies in other sectors. Embracing new B2B technology can give you a competitive edge and improve almost every aspect of your business. Benefits of Using B2B Technology By implemen...
Simplify Your Trade Credit Approval Process
Trade credit is the lifeline of SMEs in Australia. In fact, businesses of all sizes rely on commercial credit. It ensures that they have the resources to meet clients’ needs, whether they have enough liquid assets or not. However, the businesses supplying this B2B credit take on high lev...
What You Need To Know About Setting Your Own Payment Terms in Xero
Xero has grown exponentially over the past few years. The New Zealand company has become a strong contender for Quickbooks and now boasts 3 million subscribers. One of the features that continually draws new users is the ease of setting payment terms in Xero. Whether your business requires...
A Beginner’s Guide to Accounts Receivable
Some industries, such as retail and food service, operate primarily on a payment at the time of service basis. However, most business-to-business transactions are made on credit. This means goods or services are delivered before payment is received. Accounts receivable is how businesses tr...
Tips For Improving Debtor Management
Proper management of your debtors is essential. A well-managed pool of debtors will see debts paid faster and lessen the build-up of bad debt in your business. Without proper management, you can expect some of your customers to become large burdens on your cash flow. But management of your...