Hunting billing customers is an important aspect of any business that offers products or services. It refers to the process of tracking down customers who have outstanding bills or payments due and collecting those payments. While it may not be the most enjoyable task, it is essential to maintain a healthy cash flow and ensure that the business can continue … Read More
Year: 2023
Making Customer Service Effective in the Digital Age
What is Customer Service?
Customer service is an elaborate and interactive process of understanding a customer and fulfilment of his needs as per the company’s resources, capacity and capability for the product sold or service delivered. In this context, the customer’s expectation starts from the time he has purchased the product or subscribed or hired the services. Therefore, customer … Read More
The Statement of Cash Flows
The Statement of Cash Flows presented by a company, provides information about the cash inflows and outflows within a certain period of time, and it can predict the future cash flows of the company. It keeps track of company’s cash and categorizes it into either operating activities, investing activities, or financing activities.
Operating activities use the items located on the … Read More
9 Rules of Cash Flow
There is an old saying: “When you’re out of cash, you’re out of business.” However cash flow can be one of the most difficult challenges when running a small business. Knowing some basic rules of cash flow can help to free you from money worries. These ten basic rules will help you take control of your cash so you can … Read More
Preparing a Cash Flow Projection
Cash flow is a financial tool to understand how money flows in and out of a business. Effective cash flow management plays a crucial role in the sustenance of a business organization. It reflects the liquidity available in the business for payment of expenses. The point to remember here is that you cannot pay for things if you don’t have … Read More
What Is Cash Management and How to Deal With It in Insolvency?
Cash Management is a broader term that relates to the collection, concentration and disbursement of cash. The basic objective of cash management is to manage the cash balances of an enterprise or an entity so as to maximize the availability of cash not invested in fixed assets or inventories in such a manner to avoid the risk of insolvency.… Read More