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Regularly evaluating the financial health of your company is one of the best business practices you can implement. This process not only allows you to determine whether your account books are in good order, but also helps keep you on track and allows you to make better financial decisions. If you are not implementing this
Proper invoicing is crucial to ensuring that your business gets paid promptly and regularly. For this reason, it’s important to make sure that your invoicing process works as efficiently as possible. Here are some of the best ways that can help you accomplish this: 1. Invest time in developing your invoice As a business owner,
It has been reported that small and medium enterprises are among the top drivers of Australia’s economy, contributing around 57 percent of the country’s GDP and employing roughly 7 million people. However, these impressive numbers only speak of the SMEs that are lucky enough to survive past the first few years operation. According to a
Debt collection can be one of the most challenging parts of running a business. This is not only because it’s a complex and often time-consuming process, but also because it can have a huge impact on your company’s overall financial health. So, it’s important to make sure your debts are recoverable before you begin the
The very idea of owing money, especially large amounts, makes many people feel anxious and even frightened. But an experienced entrepreneur understands that debt is a natural part of conducting business. Every company out there today will have some form of financial obligation. Many businesses even deal with multiple debts at a given period of
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