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.
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…)