Nothing which is more frustrating than when you render the services or deliver the products only to get yourself waiting for the payment. With a slumping economy, many businesses have experienced the long account receivable delay, with the payment average rate of about 50 days after the invoicing where Australia is a victim. While things […]
How to improve your business cash flow
Cash flow is one of, if not the most important aspects of any business. With a large majority of small businesses struggling in this part of operating their business which leads to business failure and ultimately closure, understanding how to better manage cash flow through adopting and implementing key strategies will put your business operations […]
Cash Flow Projection
With only a few days left in 2010, a lot of us start to wonder what the New Year has in store. Wouldn’t it be nice to have a crystal ball for your business, something that could predict changes and trends and allow you to plan your business accordingly? While there is no magical ball […]
The Cost of Running for President
It’s no secret that it’s not cheap to run a business and the cost of running one continues to rise, but what if you’re in the business of running for president? The Center for Responsive Politics, a nonpartisan group that tracks how money is being spent by politicians and political parties, estimated that running a […]
Understanding Debits and Credits: A chea...
Trying to figure out if an account goes into the Debit or Credit account can get a little confusing, so our Bean Counter has put together quick reference guide to help you keep your credits and debits straight. It helps to think about Debits and Credits as the numbers on a calculator tape. Debits are black(+) and Credits are red (-) Balance sheet accounts […]