September 18, 2022

What is an Example of a Credit Policy?

Giving your customers credit is like lending them cash. Internal control should include credit policy and processes just like it covers how cash is handled.
August 9, 2022

What are the Biggest Financial Mistakes Small Businesses Make?

A  business has many obstacles during its first year, and making costly financial mistakes is often inevitable. Unlike large companies, small businesses may not have the assets to rebound from such mistakes.  What are the biggest financial mistakes small businesses make?
June 15, 2022

Can You Get Business Credit with Poor Personal Credit?

Businesses can benefit from having business credit. It can help business owners get access to funding, improve their business credit score, and build their business’s reputation. Can you get business credit with poor personal credit?
May 16, 2022

What Business Policies Does Every Company Need?

Business policies define your governance model for your organization. Weak companies have weak governance models. So what business policies do you need?
January 14, 2022

Which Loan is Best for Starting a Business?

For a start-up company, financial strategies for business are important to cover a lot of expenses and to give you enough resources to keep on moving forward as you start generating profit–and here is where start-up business loans come in. From your working capital, inventory, to real estate and equipment, sometimes your funds on hand are not enough. Which loan is best for starting a business?
November 18, 2021

What Are Common Embezzlement Schemes?

What embezzlement techniques are considered the most common embezzlement schemes used by embezzlers?
November 5, 2021

Why is a Business Credit Score Important?

A business credit score is an indicator of your overall business financial health. It lets lenders and suppliers know you can pay your debts, and is a useful tool for cementing a reliable reputation.  But it is your credit policy that protects your business cash. Why is a business credit score important?
February 8, 2021

When Should Your Business Accept Cryptocurrencies?

Cryptocurrencies have revolutionized payment trends in the payment industry. Nowadays, a lot of people have a digital wallet, and they procure products or services over the Internet using cryptos as a means of payment. When should your business accept cryptocurrencies?
October 20, 2019

How to Write Accounts Receivable Procedures

The accounts receivable procedures for collection process are critical to reducing days sales outstanding and generating more cash for your business.