Do you have strong sales but still find yourself in a cash crunch? The solution could be shortening the amount of time it takes to collect your accounts receivable. Here’s what you should do. 1. Speed Up Your Invoicing Do you batch up invoices and send them all at the
Accounting Options for Growing Startups
As your business grows from a start-up to a full-fledged established company, you’ll have more decisions to make when it comes to accounting. See what options exist and how to determine which one is right for your company’s success. 1. Hiring An Internal Accounting Department Keeping a business running smoothly
10 Ways To Improve Your Budgeting & Forecasting
Budgeting and forecasting allow a business to plan accurately for its financial year. Below are 10 ways to improve these processes to create a strategic plan that meets your business’s financial goals. 1. Keep Budgeting and Forecasting Flexible Rigid forecasts and budgets aren’t very useful. Things change as the year
6 Tips for a Stress-free Payroll Process
On the surface, managing the payroll process may seem like a simple, straightforward task. You provide pay checks to all your employees on time, and everyone in your company is happy. That seems easy, right? In reality, there is a lot more to the process than meets the eye –
Accounting Tasks You Should Do Each Week
Strong bookkeeping and financial accounting records are essential for the success of any business, big or small. Some of the largest businesses in the world have ultimately failed because their accounting practices were disorganized — or worse, deceptive. Small businesses may be even more susceptible to poor accounting practices. Even
Negotiate Your Way to Start-up Funding With These Tips
When you’re raising money to grow or start your business and have investors in mind, you need a game plan to get funding. Unless you inherited millions of dollars to invest in your ideas, bootstrapping a start-up won’t cut it. Instead, try this five-step plan to negotiate your way to
15 Reasons Why Bookkeeping Services Is Important
Bookkeeping is important for helping you maintain accurate financial records. Yet still, many businesses fail to implement this integral process. Besides the fact you are required under law to maintain accurate books and records, doing so will save you frustration later on. In fact, “poor accounting” is one of the
How will Accounting Services Help your business?
A business idea is just the first step in a long journey that will lead your company to success in the future. There are many people who come up with great ideas, but find their business fails because they don’t implement the right systems to help the company to succeed.
Tips on Taking Your Accounting (and Office) Paper-Free
With business and virtually all other economic sectors now largely operating with the technological tools of the digital age, companies everywhere have gone, or are currently going paperless. The operational detriments of continuing to collect space-consuming crates of archived paper accounting records and to transmit paper documentation as a way
Outsourcing your Financial Department – Why it works!
A South African economy under pressure forced decision makers in the SME market to review the total composition of their organisations. Naturally, salary bills had to be cut, in order to ensure the survival of the business remained top priority. Unfortunately the financial departments were also affected and have often
