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Accounting and Budgeting

5 Posts tagged with the small_business tag
Cash Flow Best Practices: Four Ways to Improve Day-to-Day Money Management
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Posted by: SBOC Team, Apr 26, 2012

by Sherron Lumley. When a business has more money coming in than going out, that’s positive cash flow. Ideally, this is the zone in which a small business could operate forever, like a perpetual motion machine. Even though understanding cash flow seems simple, the day-to-day reality of it can cause mayhem. What to do when a customer payment is in the pipeline for next month, but employees must be paid on Friday, raw materials purchased next week, and the electricity bill taken care of by...
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Incentives Expert Q & A: How to Motivate Employees When Money is Tight
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Posted by: SBOC Team, Mar 16, 2012

by Jen Hickey. To get some ideas on how small business owners can motivate workers when cash is in short supply, business writer Jen Hickey spoke with Cindy Ventrice, the author of Make Their Day: Employee Recognition that Works and president of Potential Unlimited, which offers consulting, speaking and training to help companies create a positive work environment. JH: How do “recognition” and “reward” function in the workplace? CV: Recognition is an act between two people. It’s a one-on-one...
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When Cash is King: 4 must know cash flow strategies
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Posted by: SBOC Team, Jun 20, 2011

The U.S. economy is on a slow but steady trajectory to recovery. Companies of all sizes are gearing up for growth as increases in spending and other economic indicators underscore a renewed optimism among consumers. Among small businesses, confidence is at a three year high, according to data from Intuit Inc., The National Federation of Independent Business and others. So as a small business owner are you still waiting to feel better?  While the Great Recession may be fading, its legacy...
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Small business payment options: Smarter ways to get paid
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Posted by: SBOC Team, May 23, 2011

Small businesses have gone through quite an evolution when it comes to payment methods they accept. Gone is the cash-only small business. Even sandwich trucks and garment district clothing outlets have embraced the electronic age. Point-of-sale retail locations are increasingly moving toward the latest technologies that allow credit card readers to be plugged into smart phones. And, if you’re doing business on the Internet, online payments and shopping cart services have become de rigeur....
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What’s the Best Way to Pay My Bills?
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Posted by: SBOCTeam-KhWmv, Dec 2, 2008

Part 1: Checks By Christopher Freeburn Paying the bills doesn't make anyone's list of favorite things to do. But, like it or not, bills come due and must be paid. No one knows that better than small business owners, who face a myriad of bills every month, ranging from office supplies and equipment leases to office rent, insurance, and marketing services. Small business owners not only have to pay their bills, but do so in a way that lets them best manage their company's cash flow,...
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