Accounts Payable

The process of turning a company around after going through a bankruptcy can be daunting, even when the necessary changes are not complicated in themselves.

I have a few past-due accounts, but too few to justify hiring a collection agency. What are some good strategies for collecting the money myself? Sending bill after bill to collect on past-due...

If you find your customers are slow to pay or drag out their payments, here are some useful tactics you can use to get paid faster.

Along with the Income Statement, the Balance Sheet will provide you with the data necessary to make sound financial decisions. The Balance Sheet lists the assets and the liabilities of the company. The...

While the accounting requirements of every business vary, all organizations need a way to keep track of their money. This overview gets you started on this crucial task.

Good record keeping can indicate, on paper, how your business is doing and whether or not you are making a profit.

Short-term business loans can be a good way to raise working capital and cover accounts payable. Is your company in the right position to take advantage of this type of financing?

Donald Trump once famously proclaimed that "cash is king." But as most small-business owners know all too well, what he really should have said is "cash flow is king."

From the Small Business Administration. The primary financial statements are represented in the balance sheet and income statement. Learn more about these statements: Balance Sheet Income Statement BALANCE SHEET The balance sheet is...

The balance sheet, or the statement of financial position, lists the items owned or controlled by a company. It includes debts owed by the firm along with the ownership interest of the firm.

Sons and daughters have to feel like there is a reason for them to join the business apart from family obligation and history.

When applying for a loan, you must prepare a written loan proposal. Make your best presentation in the initial loan proposal and application; you may not get a second opportunity.

Unless your customer pays you in cash, the risk of nonpayment is significant. Here are some tips to reduce the risk of nonpayment.

As an entrepreneur, you will need a plan to avoid pitfalls, to achieve your goals, and to build a profitable business. This checklist is designed to help you get started.

When you receive a loan, you must properly reflect it on your company's financial statements. Doing this the right way can keep you on the IRS's good side.

There are five basic factors that all lenders look at before they will agree to loan you money for your business. How do you and your company do in each critical factor?

Web-based accounting first came on the scene in the late 1990s as an alternative to desktop accounting.