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Finance Management

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Aug. 8, 2011

Frank Stitely and 11 other people answered this question

Cash Management Best Practices: What are your 3 tips for better managing cash flow?

1. Bill immediately upon the completion of your service. I once worked for a company that billed service calls 90 days after the calls. Guess how many they collected after that long?
2. Cut off customers, who get out of agreed upon payment terms. Then make ... more

Finance

General Management

Best Practices

Business Finance

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March 13, 2011

Fazny Zavahir and 4 other people answered this question

What's the difference between "good" debt and "bad" debt?

I agree with John.
I specialise in unsubordinated bank debentures. some people refer it as unsubordinated debt. more

Feb. 11, 2011

Roger Tung asked a question

What are your experiences with ERPLY?

Sales

Finance Management

Invoicing Tools

Sales & Business Development

Feb. 9, 2011

Nicole Rosen and 2 other people answered this question

How can I reduce the penalties on my back taxes?

You could always do an "offer in compromise" with the IRS. Basically, you offer to settle the debt for less than you owe and it goes away. more

Feb. 4, 2011

Roger Tung asked a question

What are your experience with Snapbill? Good/Bad?

Finance

Finance Management

Invoicing Tools

Online Financial Services

Jan. 13, 2011

Rick Kadet answered this question

How have you avoided an audit?

I assume you mean an IRS audit, but this could also be a state agency for collection of sales or property tax.
In most instances, you cannot avoid an audit that is based on random selection. However, you also can be selected for audit based ... more

Jan. 5, 2011

Jim Reser and 1 other person answered this question

Which loan source is better: SBDC or SBA?

Your area SBDC can assist you with writing your own business plan and loan application package, as well as provide you with other free services and consulting on topics like starting a business; financing a business; marketing; Using Facebook, Twitter and other Social Media for ... more

Dec. 30, 2010

Roland Szenczi answered this question

Is sales tax an expense or a liability?

It is not necessarily either.
If you make more taxable sales than taxable purchases it will be a net liability.
If you make more taxable purchases than taxable sales it will be a recoverable asset (not an expense - its a debit in the balance sheet!)
If you ... more

Dec. 29, 2010

Bob Dawson and 5 other people answered this question

What are the major finance issues facing small business owners today?

Most small businesses are facing credit issues or I should say a lack of a relationship with their banker on credit. I was a Small Business Lender for a bank at one time in my career. I found that most small business owners did not ... more

Dec. 27, 2010

Marc Gilbert and 5 other people answered this question

Why would an increase in sales result in a decrease in cash flow?

The reason for this could be several items:
1) your A/R average days outstanding may have increased
2) your cost of sales may have increased, which in turn lowers your gross profit margin unless you increased your pricing
3) did you lower your selling price ... more

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