It’s all about the money… it makes the world go round. Anyone taking frequent looks at calendar and bank statement knows about the importance of paying bills on time. That goes for your own bills just as much as for the invoices you send your customers. We have a couple of methods to improve your invoices and make your customers pay sooner because they can react to their dues easier and faster. (more…)
True, the life of a bank account is rather dull; but everything depends on the regular beat of this heart to keep a company financially healthy. Because only then, the owner is doing well economically.
We have looked at the importance of liquidity in another article. Today, we will examine, where the monetary flows originate and how they work as an indicator for your company’s health. (more…)
It’s not a secret at all: liquidity, meaning easily accessible funds, is essential for any company. But has anyone ever examined the reasons? We have covered how the heartbeat of the business bank account determines the financial health of a company. But what does it mean to have sufficient money in your bank account or cash register, and why is this a decisive factor? (more…)
Accounting, the orderly keeping of books and balances, can be considered the backbone of any company. Even more reason to keep the balance sheets clean and track every cent. Otherwise, small irregularities may soon turn into big problems during a tax audit. And then, the next letter may not be about the expected tax refund, but rather a notification for a subsequent payment. So, we’ve made a list of accounting mistakes you should absolutely avoid. (more…)
Belated payments happen. But if the recipient is overdue with his payment, it’s time to stand your ground to get your money for unpaid invoices. Today’s article will take a closer look at the various stages between delivery and payment. We’ll focus on the preconditions, circumstances and properties of each. (more…)
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