Maintaining a positive cash flow is often one of the most difficult aspects of running a small business. Even when business is booming, that 30-day lull between sending an invoice and receiving payment can be the death knell for small businesses in perennial debt.
But thanks to relatively recent advancement in business-to-business electronic payments, you can cut the time making deposits at the bank and waiting for checks to clear, as well as streamline processes such as invoicing and collections.
We’ve identified some of the most common online financial tools that can help you keep your cash flow positive by cutting the time it takes to receive and deposit your payments. (more…)