Can You Predict Your Cash Flow? If you provide terms for your products or services to your customers, it can be a challenge to predict how your cash flow will be from day to day You are actually providing financing for your customers I hope you understand that is what takes place, you are being the bank Terms are a necessity in today's business environment and to land some accounts, it is an absolute Even though the agreed upon terms are ...

Young, Self Employed, No Accounts And No Savings How Did I Get A Mortgage? I was having considerable problems getting a mortgage to buy my first home about four years ago If I was to believe everything I had heard, I was the ideal candidate for a mortgage - young, a first-time buyer and with an annual income of about £30k Easy! No, not easy, actually Being young with a leaning towards enjoying myself, I had no savings - nothing to use as a deposit But what ...

Confront Your Debts The first stage of getting out of debt is to work out the size of your problemto the nearest cent! If you don't know the true extent of your debt, you won't be able to do anything about it I want you to collect together every statement, account, bill and final reminder that you've got Add together everything, and I mean EVERYTHING that you owe to other people This includes, mortgage, rent, utility bills, property tax, the tax authorities, credit cards, store cards, overdrafts, personal loans, ...

Six Point Plan For Getting Paid On Time One of the essential activities of a healthy business is good credit control There is an old business saying: "Turnover for Vanity, Profit for Sanity" but the last line: "Cash is Reality" is probably the most important, so here are some ideas on credit control and collection strategies Most of these may seem like common sense but we are always surprised about how few of these suggestions are actually put into practice Adopting a co-ordinated strategy can often bring ...

How Invoice Discounting Helps Your Business' Cash Flow Invoice discounting helps to identify trade-financing deal that is right for you It does not require any security and offers lower rates as compared to a loan or an overdraft Since an external agency takes care of the total transaction it reduces the administration, book keeping costs and the most important benefit of the total deal is that the business owner does not need to chase the debtors This helps the small ...

Factoring: Cash Flow Solution For The 21st Century CASH FLOW IS KING!Cash flow, the "energy" moving in and out of your business, is the most critical item on any business priority list Without cash, the business can't pay its bills, expand, or even remain in operationMost entrepreneurs know what I mean What business doesn't experience a cash low crunch when the need to expand - to invest in growth - is hampered by the 30, 60, or 90-day cycles inherent ...

How Did I Fall So Deep Into Tax Arrears? Sales are up and the money is flowing into your bank account Think all that money is yours? Think again! If you're tracking any taxes such as GST or PST, a portion of those funds belong to the CRA (Canada Revenue Agency) On the one hand it's easy to remember GST and/or PST when we include it on our invoices and when making purchases But it's another thing to remember when we're making deposits or looking at our ...

How To Select The Best Invoice Factoring Finance Company For Your Business What is factoring? Factoring is an innovative method of business financing that allows clients to get an accelerated payment on their slow paying invoices Traditionally, when a company offers its services to another business, they need to wait between thirty to sixty days to get paid Although companies that have a large cash cushion in the bank can absorb the cost of waiting to be paid, small and medium sized businesses cannot This can jeopardize a company's ...

Improving Cash Flow With Invoice Factoring And Purchase Order Financing Managing cash flow can be a challenge for many businesses But creative funding options like invoice factoring and purchase order (PO) financing can make the job much easier These financial solutions offer convenient, cost-effective and immediate access to working capital Invoice factoring and purchase order financing are suitable for companies in just about any industry They can provide financial support to expand, manage business surges or even meet day-to-day operating expenses And they're ideal if your company is newer ...

Factoring Can Be An Ideal Solution For Start-up And/or Growing Businesses Factoring is one of the oldest methods of business financing in existence The history of factoring dates back to the days of moneylenders in the middle ages Factoring has been the working capital facility of choice in Europe for centuries It has taken on a new life in recent years as a financing method for many businesses in the United States Factoring is the sale of accounts receivable, as opposed to borrowing against them as you would ...