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by Karen Harrison Eighty-two percent of businesses fail due to poor cash-flow management, according to a study by Jessie Hagen of US Bank, cited on the SCORE website. The most common cash flow contribu... Cash flow best practices When it comes to cash flow, the faster you collect payments, the better. Money owed to your company is money not available. So it’s a good idea to assess and refine your accounting proce... You've probably heard that it costs about five times more money to acquire new customers versus retaining existing ones. Obviously, the expense and effort of acquiring new customers can be worthwhile. That said, are y... We are well into the new year and, in all likelihood, you started off the year planning to reach certain financial goals and revenue targets. Before the year gets too far along it’s good to take stock of whether... It is probably safe to say two things about you, the small business owner: First, I bet you went into business for yourself out of love. Either you loved doing something so much that you wanted to do it every ... Even the most successful small businesses have natural ebbs and flows that affect their bottom line. Learn how to successfully bridge the lulls your company may experience and create more flexibility in your cash flow... Good cash flow is essential for small business success. Is yours as effective as it can be? Learn how to manage operational costs and monthly payments now and prepare for the financial challenges ahead with our new in... From managing monthly payables and receivables to planning for the road ahead, maintaining good cash flow is important. Explore ways to optimize yours with the 10 handy tips provided in our new infographic. We’... I signed and submitted the attestation form and promissory note via the link from BoA on 5/1, and it shows success and should expect the funds to be posted to your account within 1-2 business days. However, as of toda... Got an email this morning saying I was one step away from receiving funds and just needed to sign my promissory note, signed in but nothing there to sign? I spoke with a BOA loan specialist who told me to sign in to m... I am an individual sole proprietor that put in for the PPP application about two weeks ago. I submitted all my documents including a schedule 1040c, where it shows my net profit for 2019 on line 31. This i... I have 3 business accounts with Bank of America. However, I applied for PPP loan only for 1 company. I received an email asking for the promissory note to be signed. However, the promissory note was issued to the wron... After three weeks, I have only received one message from BOA, requesting 1099s. They were uploaded immediately. Weeks later, nothing. No communication. No help at branches. No help on phones. No online help. Nothing. ... Hello All! I am just starting my small business journey and have been reading up on some accounting methodologies including Profit First which was popularized by author Mike Michalowicz. I am wondering i... By Stacy Kildal Owner/Operator of Kildal Services Advanced Certified QuickBooks ProAdvisor Importance of Reporting You’re a small business owner, so you know that in order to gain insight into (and mak... For organizations seeking ways to streamline back-office operations, cut costs and achieve best practices, accounts payable represents an area of opportunity. This labor-intensive cost center once required many clerks... Cash flow best practicesHow you manage your payables can have a significant impact on your cash flow and business relationships. Whether paying for your mortgage, rent, equipment, inventory, payroll or other expenses,... The U.S. is in one of the longest periods of expansion ever, as June marked the 10-year anniversary of our current economic expansion. Yet there are signs we are heading towards a recession within the next year: ... “I've got to keep breathing. It'll be my worst business mistake if I don't.” – Steve Martin Because mistakes and business are not uncommon, it is a fact that once you get started with your ... Q: Hi Steve – From reading your articles, I see you used to be a bankruptcy attorney and I would like to tap that expertise. For various reasons, my business has accumulated a lot of debt. But the thing is, I do...
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