Posted on 30 August 2010. Tags: accelerate cash flow, Accept and promote the use of credit cards, Financial management, financial value, Reduce payment delays
Factors contributing to the financial value of a company are, firstly, income, expenditure and the benefit resulting from them. To optimize the financial value, the leader in charge of this area should not only try to increase revenue, but also to accelerate cash flow. Although it is possible to raise revenues through an increase in sales, do exist to implement measures that accelerate cash flow, such as:
1. Payment in advance. Get the cash before they get to need charging a part or the entire selling price to customers, provided that this does not negatively impact the firm’s relationships with them.
2. Cash payments. Whenever possible, it is advisable to obtain them, even, if necessary, providing incentives to change chords, as may be discounts.
3. Reduce payment delays. As in the case of payment in advance, it is a practice to take place provided it does not harm the relationship the company has with its customer.
4. Accept and promote the use of credit cards, favored over delayed payments. A payment with credit card is the equivalent of a cash payment to the vendor, whereas a deferred payment means a deferred income.
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Posted in FInancial Tips, Financials Planning
Posted on 01 June 2010. Tags: 9 Tips Save Money, Financial management, Pay my bills first, supervisor., Teach your kids to save early, watch movies at the cinema
Controlling the desire is one of the main capital to no savings. Follow these tips to no longer have a headache due to salary “evaporate” before the end of the month.
1. Create a list of your expenses each month. Included in this case is a fund for mortgage or rent, electricity, water, telephone, daily needs for food and clothing, transportation costs, the streets and go to a movie. For convenience, you can make on the computer. Sum all of your expenses. Write the amount of your income every month, then subtract your total expenditure.
2. Check the list and find that you can trim spending. For example, if you usually eat out when in the office, try to bring lunch from home. You will be surprised to see the money you save is successful in doing this.
3. Pay my bills first, then set aside money to be saved. By taking first, expenditure will be more controlled and not panic when you suddenly need cash. In addition to saving in the form of cash, store savings in the form that is not easy to fiddle. For example, insurance, deposit or mutual funds. Read the full story
Posted in FInancial Tips, Financials Planning