Tuesday, May 23, 2017

The ATM in your Account Payable office

There are Hundreds of thousands of Dollars of Capital  sitting in your Accounts Payable Office .




 There are a select few of  small business owners out there who may not realize the resources they have sitting in there accounts receivables office. Theses resources can be worth hundreds of thousands of dollars in immediate capital for that business. You may ask yourself what could be sitting in the accounts receivables office that's worth so much.

Many Companies do their business in the traditional way, by rendering a service and then waiting to get paid for it. Sometimes that wait can be from 30 to 90 days.  Accounts Payable is the life's blood of a business because without them calling and email clients and reminding them of the payments that are due many day to day operations cannot be meet. These operations include paying the companies utilities, insurance, buying new equipment and meeting payroll for their employees.
Many business owners resort to going to the back and getting a loan on the business and existing equipment. This can be very time consuming and the business s not guaranteed they will get the money. Then after that they hit with the task of making that loan payment every month .Yes you have gotten the capital you needed but you also have created another bill.

Well there is a better way to get that capital and take the worry out of making that loan payment every month and it doesn't require a long application. Speaking in the aspect of time instead of waiting a week or to two to get an answer on the loan and worrying about is you business credit good enough , Simple sell your your outstanding invoices for cash and receive that Capital within 24-48 hours. The best part about it is that you wont have to worry about if those invoices will be paid or not because you have sold them. Another aspect of doing this is you can set this up to sell them month after month. Weather you need $5,000 or $500,000 those invoices can be sold . 

For moer information on how to sell your Invoices go to Sell you invoices Here
Or call 832 297 9998

Tuesday, October 1, 2013

Rules of Cash Flow


Here is an old saying: “When you’re out of cash, you’re out of business.” However cash flow can be one of the most difficult challenges when running a small business. Knowing some basic rules of cash flow can help to free you from money worries. These ten basic rules will help you take control of your cash flow so you can enable your business to succeed.
  1. Cash ManagementCash Is King. It’s important to recognize that cash is what keeps your business alive. Manage it with great care, because it is the lifeblood of your business.
  2. Never Run Out of Cash. Make a commitment to do what it takes tomaintain cash flow. If you don’t, you’re out of business.
  3. Know Your Cash Balance. Do you know what your cash balance is right now? You should. It’s absolutely critical that you always know your exact cash balance. Failure is inevitable if you are making business decisions based on incomplete or inaccurate information.
  4. Daily on a Daily Basis. In other words, do today’s work today. The key to knowing your cash balance is to have up-to-date information in your accounting system. Having the numbers you need, when you need them is critical.
  5. Invoice Immediately. You can’t have cash in the bank until you collect it. If there is a delay in sending out your invoices, there will be an equal delay in receiving cash. Invoice daily if you can.
  6. Never Manage From your Bank Account Balance. Your bank balance is never a true measure of your cash. The cash in your bank account and your real cash balance are two different things. Don’t make the mistake of confusing them. Attempting to mange cash flow from your bank account is a prescription for failure.
  7. Forecast Your Cash Flow. What is your cash balance going to be like in six months? Knowing this can tell you if you are managing your business or if your business is managing you. Predicting your cash balance into the future will give you critical information you need to successfully manage your cash flow today. Be proactive in your approach to cash management.
  8. Cash Flow Issues Don’t Just Happen. It is amazing how many small businesses fail because the owner didn’t recognize that they had a cash flow problem in time to do something about it. Just like any other problem, there are always signs well before cash flow issues appear. Reviewing your cash flow forecast on a regular basis will help you to prepare well in advance of having a real cash problem.
  9. Get Expert Advice. Not all business owners are comfortable with calculating projections or conducting a trend analysis. Many times they just don’t have the time. Bookkeepers, although capable, may not provide the insightful knowledge that a seasoned professional may. Wrong information can lead to wrong decisions. Have an expert (a CPA, or Financial Analyst) review your accounts to help you make the best decisions you can make for your business. It is well worth the investment.
Taking a focused and pragmatic approach to managing your cash will allow you to ultimately focus on what you want most…growing your business. That’s a recipe for success.