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10 Critical Accounts Payable Strategies for All Businesses

Basis 365

The importance of efficient cash flow management cannot be overstated for small or rapidly growing businesses. Effective accounts payable strategies not only streamline the payment process but also contribute significantly to better cash flow management. An up-to-date AP aging is a critical step in this process.

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7 Steps to Improving the AP Check Run

MineralTree

Is your accounts payable (AP) check run holding your business back? This blog explores the intricacies of the AP check run and actionable tips to fortify your financial processes. From refining invoice approval workflows to embracing the digital shift, each step is a stride toward efficiency and precision.

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Mastering Your Finances: A Complete Guide to Financial Budgeting for Businesses

Acterys

Financial budgeting serves as a critical aspect of business planning, allowing organizations to effectively allocate their financial resources and gain valuable insights into their operations. At its core, a financial budget helps determine your cash flow and make adjustments based on the business plans and market environment.

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Improving Cash Flow Forecasting Through AP Analytics & Better Data

MineralTree

Cash flow forecasting is a critical part of financial planning for businesses of all sizes. Accurate cash flow forecasts help businesses plan for the future, identify trends, and make strategic financial decisions. What is Cash Flow Forecasting? This includes data from both AP and AR.

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Vertical Analysis: What It Is and How It Can Help You

Acterys

In the dynamic world of finance, where strategic decisions shape the course of businesses, mastering vertical analysis can help you simplify your statement, make critical financial decisions, and understand the underlying composition and trends that drive your business’ financial performance. What is vertical analysis?

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Achieving Inventory Efficiency: 6 Steps to Develop a Winning Plan

Acterys

No matter what your business looks like at present, it is essential to establish a successful inventory plan and management strategy to ensure the success of your business. Unifying data across systems is the first step in a successful planning process. Let’s dive in.

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Economic trends to help your business plan for 2024

Xero

Most owners have been focused on maintaining cash flow, as they deal with the combination of rising costs and a limited capacity to lift their prices as customers become increasingly scarce. As 2024 approaches, it’s a good time for small business owners to think about business planning for the next 12 months.