Money Management Tips for First-Time Business Owners
When starting a new business, money matters are the most crucial part of ensuring growth and success. From keeping your cash flow moving to verifying the accuracy of billing and getting paid on time, money management is something on which you must keep a firm grasp. (more…)
- Published in Business Growth, Cash Flow Management, Invoice Payments, Invoice Reminders, Invoice Tracking
Tips For Dealing With Invoicing in Multiple Currencies
Selling your goods and services to other countries is a great way to expand your business. But foreign currencies can be tricky to navigate without the proper knowledge and understanding (and keeping up with) the constantly fluctuating currency values and conversions. (more…)
- Published in Business Growth, Invoice Payments
Invoice Tracker Now Integrates With Clio
Keeping track of and tracking your invoices is essential to increase both profits and billable hours in your firm. Invoice Tracker’s feature list includes everything you need to keep your cash flowing, and ensure all of your data is being accurately tracked and recorded. If your average billable hours in a day only adds up to 29% of your time, your firm needs the real-time insights, automated and customizable email set reminders, and solid invoicing tracking software that Invoice Tracker offers. (more…)
- Published in Invoice Payments, Invoice Reminders, Invoice Tracking
Increase Revenue With These Top Business Tips
Increased competition can stall business growth, especially for small and medium sized businesses. Without strong sales, a company’s future is at stake. Growing your business is not easy; the dedication and perseverance needed can be overwhelming. But understanding how to manage growth and profitability is key to ensuring longevity. (more…)
- Published in Business Growth, Cash Flow Management, Invoice Payments, Invoice Reminders, Invoice Tracking
When Should You Use a Collection Agency?
Your small or medium sized business can suffer quickly, with long-lasting repercussions, if even one payment is missed. Your cash flow depends on a steady stream of reliable payments from your clients. How do you know when it’s time to hire a collection agency to deal with your outstanding invoices, and what sorts of things should you be doing before that step is even considered? You have legitimate receivables that need to be collected for the sake of your company’s financial health, and a collection agency is a great option when you can no longer do it yourself. (more…)
- Published in Business Growth, Cash Flow Management, Invoice Payments, Invoice Reminders, Invoice Tracking
Experiencing a Cash Flow Crunch? Here’s What You Can Do
Whether it’s the seasonal ebb of low cash flow, or a more pressing problem that is weighing on your business, money crunches are tough for everyone involved. Your debts may be too high to correct, or your margins too low. Perhaps it’s your current sales volume. More than a need to simply chase invoices and offer incentives to entice prompt payments, these times of negative cash flow are more complicated and more detrimental to the health of your company. And cash flow management is as important as liquidity. (more…)
- Published in Cash Flow Management, Invoice Payments, Invoice Reminders, Invoice Tracking