Cash is king. It’s perhaps an expression you would have heard of if you’re running a business. Ever wondered what it signifies? In simple terms, it denotes the importance of hard cash, and tells us more about how sufficient cash flow at all times, takes precedence over registering sales and profits on paper. Why’s that?…
Category: Bill-Discounting
Job Loss Or Pay Cut – How To Protect & Manage Your Finance?
Whether it’s a pandemic-induced recession or an unforeseeable change in the job market, individuals are always at the risk of unanticipated unemployment or pay cuts. Although it’s as distressing as it gets, you might not have to feel devastated if you protect and manage your finances efficiently. Take a look at the tips to help…
What Is The Difference Between Bill Discounting And Bill Purchase?
Steady cash flow is critical to keep operations of any business enterprise running smoothly and for its overall growth. Unsettled bills can, however, often hinder the regularity in receiving cash or fund. You can thus leverage the unpaid invoices in your books to secure funds immediately via bill financing. It’s a broad term with two…
What is Invoice Financing, and How Can It Benefit Business Cash Flow?
Sufficient inflow of funds is essential to ensure the day-to-day operations for your business to continue running efficiently. However, unpaid invoices can tie up funds better used elsewhere. You can thus resort to invoice financing to channel capital towards your business expenses with ease. It is one of the simplest ways to avail cash instantly…
Effective Strategies to Deal with Late Payments on Overdue Invoices
For any business to maintain its peak performance, the cash flow must be at an optimum level at all times. After all, there are all kinds of recurring expenses including office space rent, utility bills, inventory financing, and payments to vendors and staff. So, if there is a cash crunch, even if for a brief…
Experts Guide To Effective Invoicing
Businesses tend to face trouble with invoicing and late payments from their clients from time to time. Not only does this slow down the payment cycle, but it also affects the business’s functioning, operations and often, its very survival. Here we have collated a few tips from experts that have been proven to work in…
5 Ways To Improve Your Business’s Cash Flow
Business is a balance of Expenditure, Profits & Revenue, sustenance of these in the proper ratio is crucial for any entity. Forecast of great deals or closures might give a positive vibe but in the absence of inflow of funds, survival might be a question. For any business Large or small maintaining a smooth cash…
Okay, So you’re a cash millionaire? That doesn’t impress me much!
In a decisive battle against black money, Narendra Modi government yesterday announced the invalidity of the legal tender of Rs.500 & Rs.1000 preceded by the release of Rs.2000 currency notes. A similar kind of exercise was done by the Morarji Desai government in Jan17,1978 but India has never seen execution instituted at such a grand…
Customers Paying Late? Here is Why!
The invoice due date and its timely payment is crucial for any business to remain afloat. One of the least pleasant experiences for business owners is to chase late payments. As per a report by Atradius on payment practices – Indian economy is doing well with a bright future prospect. A stable political situation, low…
How GSTN is going to change the way India does Business
The scale of change because of GST can be enumerated by just considering the fact that, after its implementation almost every SMB in India will come under the purview of a unified Taxation System. According to the GSTN’s Chief Executive Prakash Kumar “The network is built for about 70 million taxpayers, who will upload about…