Tag Archives: cash

Working Capital? | Definition

Working Capital is a common measure of the health of your business operations. Knowing how to manage working capital is a crucial aspect of financial procedures. Working capital refers to the funds required to operate your firm on a daily, weekly, and monthly basis. It is the money used to pay your suppliers for materials, as well as the money needed to pay for the items and services (such as inventory and payroll) that you have utilized while waiting for your customers to pay you. Continue reading Working Capital? | Definition

What Are Internal Controls for Cash Security?

We all hope our co-workers and employees are honest, and they probably are. Yet, improper cash control, poor cash cycle procedures, and weak cash security can tempt people who are basically honest. Think about parking at the local mall. You always roll up your windows and lock your car to protect your possessions, especially if you made some purchases at an earlier stop. Most of the people who walk by your car at the mall are honest, yet you don’t want to tempt them by making it easy to take something that doesn’t belong to them. What are some internal controls for cash? Continue reading What Are Internal Controls for Cash Security?

What Are Common Embezzlement Schemes?

There are six areas of risk frequently capitalized upon by embezzlers. While these areas of risk are not the only ones containing “embezzlement windows of opportunity”, these are the areas that offer the most significant sources of exposure to your company and what lead to various embezzlement schemes. What are common embezzlement schemes? Continue reading What Are Common Embezzlement Schemes?

How Can Automation Improve Business Cash Flow?

Many business owners grew up wanting to become entrepreneurs, not paper-pushers. They dreamed of creating world-changing products, taking financial risks for enormous profits, and making the cover of Forbes. What they didn’t dream about were problems with cash flow: chasing late payments, printing invoices, and moving money in and out of bank accounts. How can automation improve business cash flow? Continue reading How Can Automation Improve Business Cash Flow?

Payment Trends Driving the Future

The global pandemic has disrupted the financial sector in more ways than one. Lockdowns and restrictions across the world have basically crippled the global economy. However, during those trying times, payments have started to evolve. Here are a few payment trends driving the future of payments. Continue reading Payment Trends Driving the Future

What Is Your Business Return on Invested Capital?

Profit is used to drive growth, which is one aspect to your cash needs. But what are you going to do with the excess cash from your business? Your options include purchase assets, spend it on various expenses, hold it in an investment account, pay down debt, or give it back to the shareholders. Do you have a Return on Investment plan for your capital? Continue reading What Is Your Business Return on Invested Capital?

Important Considerations for Novice Women Investors

As a woman, understanding how to invest is crucial for your future. Think about it – women tend to live longer than men. According to Scientific American, “Women outlive men by around five to seven years.” This means that by age 85, there are about six women to every four men. And yet, according to the Transamerica Center for Retirement Studies, over 45% of women aren’t too confident or aren’t confident at all when it comes to their retirement savings. Compare this to 35% of men who aren’t confident. It’s important to NOT be a Novice Women Investor. Continue reading Important Considerations for Novice Women Investors