Monitor accounts payable and accounts receivable: track both AP and AR in real time to maximise your cash on hand. Reconcile statements promptly: Staying on top of your bookkeeping helps to ensure that small problems don’t turn into big problems. Integrate accounting software: if you have an...
Pro tip:To get best results, place the receipt or invoice on a contrasting background in a well-lit area, and ensure your camera is parallel to the paper to avoid distortion. Capture the entire document, including all edges, and review the scan immediately to confirm all text is clear and...
Commercial debit and credit cards provide your business with a level of convenience. Cash can be difficult to track and adequately account for, and checks take days to clear and reflect. On the other hand, debit and credit transactions are processed in real-time. Using plastic also excludes th...
Another benefit of life insurance is its cash value, which accumulates in a permanent policy as you pay premiums. You can access this money through policy loans and withdrawals to pay for expenses, such as college tuition or a down payment on a home. The accumulated cash value is tax-deferr...