How to Deal with Cash Flow Issues in Business

Cash flow is best defined as the amount of money you have coming into and out of the business. Positive cash flow, essentially means that you have more money coming in than going out, while negative cash flow would mean you’ve got more bills on your plate than income to cover it. Unfortunately, when cash isn’t coming in as quickly as it’s going out, its bad for business and in many cases becomes the source of their demise.

If you’re having difficulties with managing common financial issues within your company, you may want to take note of the solutions listed below:

Short-Term Loans

If you’re new to the business and your credit isn’t the best, you are likely going to be turned down for bank loans, small business loans, and lines of credit. You can, on the other hand, qualify for a bad credit payday loan alternative such as an installment loan. Unlike payday loans which would be required to be repaid within 14 days, installment loan providers give you more time to repay and lower interest rates saving you money.

Small Business Credit Card

Another option entrepreneurs have for dealing with immediate cash flow issues is to apply for a small business credit card. Typically easier to qualify for than a traditional loan (but longer to receive than a short-term loan), business credit cards can be used to cover minor expenses like operational costs, inventory, and marketing until you’re able to pay the balance off.

Invoice Factoring

If your cash flow issues stemming from unpaid bills from your customers, it can take a while to get back on track and collect what is owed to you. In this instance, you may qualify for invoice factoring. This is a process in which a lump sum of the balance outstanding is provided to you up front for a small fee. Though less than you’ll receive from your customers, in the end, it saves you from having to wait months to get paid.

Reschedule Payments

If you need more time to cover your business expenses until your cash comes in, it may be worth renegotiating or rescheduling your payment terms. For instance, if everything is due on the 1st of the month, but you don’t typically get paid until the 10th, you might negotiate with vendors and service providers to have your bills be due on the 15th to give you more time to come up with the cash and minimize the potential of penalties or late fees.

Develop a Better Invoicing System

While there are just some customers who fall on hard times or are really irresponsible at paying their bills, sometimes, the cash flow issue comes from having a poor invoicing system. You should work to improve it by providing clear details of the agreement, amount due, date due, and repayment terms. You can also do things like offering other avenues for payment (like online or in person), and incentivize those who pay early or on time to encourage faster payments.

There are a lot of reasons that cash flow problems develop in business. A bad invoicing system, customers failing to pay on time, too many bills due at once, or even the inability to generate profit. The key to reducing the amount of damage this does to your business is to be proactive and use the above-mentioned methods to get out of the jam and execute a plan of protection for the future.


Credit Card Processing | Tips for Your Small Business

The payments ecosystem is growing and changing at a fast pace. It’s becoming more and more complex day by day, and the merchant services industry is growing along with it. Today, being able to accept credit cards is so much important for small businesses. This is the path leading to success.

Credit Cards and Credit Card Processing

Modern consumers expect to be able to pay via credit cards anywhere they go. In this day and age, cash isn’t always the king. According to a 2016 survey by a US credit card processor, 40% of respondents chose credit cards as their preferred payment method, 35% selected debit cards, and only 11% responded they preferred cash. The number of customers surveyed was 1.000. The survey showed that the consumer preference for credit cards had increased by 5% over the same survey results from 2015. The results for debit cards dropped by 6%.

It’s interesting to note that credit cards were starting to be used in the 1920s by several companies. They became more popular among businesses in the 1930s. The first credit cards issued by banks date back to 1946. American Express and Visa first started circulating cards in 1958.

You, as a small business owner, should find a reputable payment processor to apply for credit card processing for your business. Consider applying to eMerchantBroker, the top high risk payment processor in the US. EMB isn’t only a reputable payment processor, but also a respectable business funding provider. EMB offers the lowest possible rates and the best terms for high risk credit card processing. EMB is rated A+ by the BBB and A by Card Payment Options, and is also one of Inc. 500’s Fastest Growing Companies of 2016.

Credit Card Processing Tips for Small Businesses

Businesses that aren’t able to accept credit cards won’t be able to successfully fight the competition in today’s marketplace. Below you can read several credit card-related helpful tips for small businesses.

  1. Research well to find a reputable payment processor to turn to for a merchant account so to be able to accept credit cards.
  2. Look for a payment processor that offers freedom to customers so you can make the necessary adjustments instead of being locked into a long-term contract.
  3. Know the rules and follow them precisely so to keep your merchant account in good standing and avoid fraud.
  4. Never complete a sale and call a transaction complete without a valid authorization.
  5. Use signs stating you accept credit cards. Add them both to your websites and shop décor.
  6. Have a clear payment descriptor attached to your transactions. It should include your merchant name and other important details concerning your business.
  7. Make sure to have a clear refund policy and that your customers are well aware of it. Your policy should be displayed at the point of sale and be clearly printed on all receipts.
  8. Deal with all customer service issues in a timely manner.
  9. Detect potential credit card fraud earlier so to protect your business from chargebacks associated with fraud.
  10. Keep detailed records of credit card transactions.
  11. Have a great customer service allowing your customers to get in touch with you easily.

Credit card processing is essential for small businesses. Turn to a reliable and trustworthy credit card processing company to enjoy the best for your business.

Quality Data Processing With Bookkeeping For Business

In order for you to hire a accountant to hold anyone eBooks, it is advisable to seek out these attributes: Initially, a superb bookkeeper need to have outstanding interaction ability. Small enterprises are apt to have small workers, every person along with many responsibilities. The bookkeeper might be accountable for not only these textbooks; they may be in control of addressing the cell phone, introduction buyers on the front door, and setting up place of work events. As your accountant may be a lot more important many people, they need to have great transmission skills. In case your accountant is working control of snail mail delinquent accounts and other emails, they have to have great ability as a copywriter.

Your bookkeeper needs training within their field. Most bookkeepers have a bachelor stage; however, many just have a great associates as well as senior high school level with qualification around bookkeeping. The bookkeeper will likely be working with figures each and every day, so they should have outstanding exact expertise. Your bookkeeper must also have excellent laptop or computer reading and writing and grow familiar with your information technology system your business is jogging. Practical knowledge is usually an advantage as it understands of spread sheet software. Within your interview process, look for someone that is definitely detail-oriented.

In case you are hiring a bookkeeper to take care of your textbooks, you need to know in regards to the guides very first. The harder you understand about your eBooks, better chance you’ve from locating a accountant that can aid your company do well. You have to have an understanding as to in which the cash is invested, what it is shell out, the reason why it can be spent, and in what way much cash you have being released. You must realize your balance bed sheet as well as your profits statement before you decide to engage a accountant.

Area institutions provide courses around bookkeeping for any little investment. You will also find bookkeeping certification programs on line that can show you the ropes on bookkeeping software and the way to create ones journal. Niche piece will incorporate all your business’s assets, financial obligations, plus funds. Your revenue declaration is normally known as the earnings along with reduction report and will include a report about your wages and expenses over the stretch of time. This profits affirmation should show the particular profits, bills, as well as benefit and also damage over the course of per year or some other stretch of time.

When you’re finding bookkeepers, demonstrate to them an example through your cash flow statement and find out whether they’d like to read it. Many revenue promises are set inside the similar, numerous can include much more information in comparison to people. It’s also advisable to have them setup some sort of net income statement or perhaps cash flow report; that is a easy way to check their skills and knowledge. Your net income declaration is one of the best claims to build given that it has your money being released in and money heading out.

A great accountant challenging to discover. In case you are lucky enough to pick one who isn’t exclusively element concentrated nevertheless consumer welcoming, make everything it is possible to to hold onto he. You’ll find it really is additional difficult to practice the latest accountant, particularly if aren’t well versed about your company accounts firstly.

Choosing Best Chartered Accountant For Improvement of Your Business

Chartered accountants are required by everyone at least at one point of time in their lives. These accountants are trained to manage any type of accounts and can help to manage the finances of the business. They work in all fields and are trained to assist their employer in managing any kind of accounts with ease. They were the first accountants to form a proper accounting body and now everyone who has the capability can become one with the proper training and internship. Chartered accountants auditors in Dubai are now very easy to find as there are many companies that hire these professionals to offer their services to their clients.

If you are in business then you will more than likely need an accountant at some point unless you plan on doing all the bookkeeping yourself, which if you do decided to do, and you are not that experienced, it could end up costing you a lot of time and headache. A Chartered Accountant (CA) is your best port of call to work your books, tax filings and liabilities so that you can free up your time to focus on your business.

When you are looking for the accountant who is just right for you, you will also find that you should stop and think about making sure that you are going to be able to stop and to ask the other people in your field. This is an area where there is a lot to be said for a good personal recommendation, and if you are looking to make sure that you can get a lot of work taken care of, you’ll find that you can learn a lot by going to your friends and colleagues and asking about their experiences.

Small business owners make a mistake of not hiring accounting or bookkeeping services early in the course of their business and that this results in some of the most inconvenient experiences. It is a mistake to think small enterprises don’t need accounting. It is a mistake to not include accounting during the planning of the business, let alone to not include it during the inception. Accounting professionals serve more purpose than simply checking your books and records.

They can be your valuable assistants or advisory doing more than basic record-keeping. Since your business has its unique attributes, it is necessary that you figure out what set of accounting services you need because different firms can provide you with unique assistance to match your company’s needs.

Take some time to make sure that you have found the person that you are looking for when it comes to managing your money; this is an important decision that should not be made lightly!

It is very difficult to differentiate your institutes in a place where there are many free zone listed Auditors however, this Mashal Al Zarooni Chartered Accountants firm earns its trustworthiness in the market. Because of its outstanding performance, it has been bestowed with different national and international awards. Its vision is to provide trustworthy audit services within reasonable service charges.

CPA Newfoundland Solve your Accounting Problems

Newfoundland is world famous for providing accounting services. The capital of Newfoundland is St. John’s and it is regarded as the country’s 20th largest metropolitan area which homes about 40% of the Newfoundland population. The economic growth of the province has regained the momentum after the recession period with the total capital investment touching $6.2 billion, increase of 23% against the last financial year and the GDP has reached the level of $28.1 billion against 25 billion in 2009. The financial service industry is the main contributor in its economy apart from mining and petroleum production. CPA Newfoundland provides many types of financial accounting services including certified public accountant .

CPAs are the type of qualified professionals having certification in accounting profession and they are capable of executing the corporate accounting process which includes general accounting, tax audits and business consulting activities for small businesses. They need to undergo intense curriculum which is related to accounting heads, finance and business to become efficient CPA Newfoundland. The CPA examination which needs to be cleared by them includes the topics like business management, accounting, audit, business law and other types of external or internal business provisions.

Public accounting has many types of work like account management, public firm, book keeping, private business, financial analysis, NGOs and so on. There may be one or more than one CPA Newfoundland who work for the clients as per their requirement and the firms which provide there services are known as accounting service providers. They work for the corporate houses of the country as well as overseas clients. These types of accountants get involved in financial data analysis which is helpful in preventing discrepancies like fraud, money laundering, embezzlement or other types of illegal transactions which ensure that the business houses run efficiently, taxes are properly and timely paid and the public records display accuracy.

Sage Peachtree 2012 And Quickbooks 2012 The Complete Accounting Solutions

Sage Peachtree 2012 like Peachtree Complete 2012 and Quickboooks 2012 are complete solutions to an array of different accounting needs. They are very versatile, compatible with a number of the latest hardware devices, are easy to install and to use. They offer the best security and tools needed for business growth too.

Finance and accounting software cannot get better than Sage Peachtree 2012 and Quickbooks 2012. Both are complete accounting solutions that evolve with the users’ needs. Both come in different packages and versions to suit different requirements of varied sizes of businesses and budgets. They are the best available solutions in the market right now, thanks to their easy usability and arsenal of power options that put them right ahead of the competition. The Sage Peachtree 2012 packages like Peachtree Complete 2012 and Quickbooks 2012 packages like Quickbooks Premiere come with much affordable price-tags than other enterprise level softwares that have exorbitant prices and come with clumsy features and functions. Listed Below are some of the features that Sage Peachtree 2012 and Quickbooks 2012 have, and how they make things much easier:


Like mentioned before, both solutions are designed to cater to a diverse array of businesses and have flexible designs to suit different needs. Peachtree Complete 2012 offers features like pre-defined transactions for uncomplicated payrolls and can accommodate complex payrolls. Quickbooks 2012, on the other hand, can export workbooks to Excel and work seamlessly with it.


Peachtree Complete 2012 is ready to use out of the box in any country irrespective of any company’s payroll structure and the tax laws prevalent in the country. It supports multiple languages too and integrates into devices like biomatrix machines and time attendance systems. Quickbooks 2012 is able to work with the latest hardware like thermal receipt printers, paperless signature pads, touchscreen displays and so on.

3.Easy installation and user-interface

Both software can be installed easily without any problems and have intuitive user-friendly interfaces. In quickbooks, a host of options and features can be accessed from the main interface itself while Peachtree makes tasks like advanced filtering on financial statements, progress billing, serialized inventory and employee compensation tracking much easier. Easy user-interface eliminates the need to train employees on using the software so you won’t have to waste both manpower and money.


Both quickbooks and Peachtree offer very robust security. Since the matter is about accounting and finance, that is extremely necessary. Passwords and administrative rights can be easily monitored and maintained in both softwares.

Those were some of the features of Quickbooks 2012 and Sage Peachtree 2012. It goes without saying why they are the best by now.