cash flow management

What Are Accounting Reports?

Accounting reports are reports that contain financial information derived from a business’ records, in order to summarise their financial status. There are many different types of accounting reports and they vary greatly in terms of purpose and comprehensiveness. Income statements, balance sheets and cash flow statements are all common types of accounting reports that you …

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How to Negotiate Payment Terms with Your Suppliers

Due to the rising cost of living, many businesses are currently struggling with cash flow. One of the best ways to improve your cash flow is to negotiate better terms with your suppliers. However, suppliers are also feeling the pinch given the current inflation rate, so how can you negotiate better payment terms without jeopardising …

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8 Small Ways to Save Money in Your Business (that Add Up to Big Changes)

There’s not an entrepreneur out there who wouldn’t like to increase their profits, and reducing costs is one way to do it. But how do you go about saving money without hacking away at your operations like a madman? We’ve got eight small ways to save money in your business that can make a big …

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How to Scale Up Your Business: Tips and Strategies for Success

Scaling up a business is exciting, but it’s certainly not easy. It requires careful planning, strategizing and preparation. In this article, we’ll go over some of the key differences between scaling and growth, how you can know when it’s time to scale up and what steps you should take to prepare your business for maximum …

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5 Tips for Overcoming Supply Chain Issues as a Small Business Owner

In addition to lockdowns, restrictions and economic shifts, the pandemic has forced business owners to confront supply chain issues. Running a small business is never easy, and when you have to worry about supply chain issues on top of everything else, it can be downright daunting. Thankfully, there are ways to overcome these challenges and …

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