Category Archives: Business

The Power of Accounts Receivable Factoring – Learn How Factoring Works

Accounts receivable factoring is another mode of receivables management and working capital funding to eventually increase the cash flow. Accounts receivable factoring involves buying and selling of accounts receivables in order to obtain immediate cash or working capital. Accounts receivable factoring helps in acquiring cash for the product or the services rendered. It results in…
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The Top 6 Strategies For Effective Communication

Use these six strategies to communicate effectively. You can accept anything without agreeing with it. Thus, acknowledge amazing requests and outrageous statements with responses such as: "That's an interesting idea." "That's a novel request." "What an intriguing question." Use this as an opportunity to understand what the other person is saying. And then move on…
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10 Things You Need to Know About Choosing Your Accountant

Does your business needs an outside accountant? It all depends. If you require an audited or reviewed financial statement, then, yes, you need a CPA. In any event, it is always a good idea to maintain a relationship with an accountant no matter how small your business. Whether your accountant is a CPA is up…
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The Power of Accounting Principles & Standards

Accounting principles are the basic assumptions, rules of operation, and essential characteristics that make up the framework for the construction of accounting financial statements. Long ago, I was perplexed to discover that there was no set of accounting principles that was presented in one form such as you might find in the Bill of Rights.…
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