Six Best Practice Account Payable Tips for a Smoother Cash Flow

Watching the cash balance is one of the most frequent activities of a small business owner. Besides making sure you have enough cash for payroll and bills, there is another huge opportunity you can benefit from: lowering the cost of processing your bills. It can be expensive and time-consuming to process bills and handle the paperwork involved. We’ll take a look at a few of the many ways you can streamline your accounts payable processing costs in this article.

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More Power and Ease of Use with QuickBooks 2014

While I have not had this version long, nor have I moved my data yet, I’m excited about many of the new features this year, especially in Enterprise Solutions. This version seems to address several pain points that have been issues for quite some time – some big, some small. But lots of small ones can add up to maybe making this a worthwhile upgrade. This article focuses on Pro/Premier. We’ll discuss Enterprise next time.

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Rev Up Your Referrals

In the vast majority of industries, referrals are the most cost-effective way to gain new clients and grow your business. When you attract new clients through referrals, your marketing costs are lower, your selling process is easier and more effective, and the referral usually makes for an excellent client. It’s just good business sense to look at how we can proactively increase our referrals. Here are six ideas.

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Tracking Your Source of Leads

How customers find you is important to know. If you pay for advertising, attend networking functions, belong to associations, have people refer to you, you want to know which marketing channels are best to use – and which you might want to drop. You may also want to reward those who refer to you, whether it be a simple thank you note, or a gift of some kind. So tracking source of lead and referrals can be very useful.

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