“Cash is king” is drilled into finance professionals’ heads from their first day on the job! And there’s a great reason for that – companies that can tap into an optimal amount of cash at the end of every month are in a better position than the competition. David Peters, a seasoned CPA and founder […]
Asking for staffers’ input helps increase morale and boosts teamwork. It also leads to great ideas that help companies make and save money. Not all supervisors remember this on a regular basis. It’s easy to get tunnel vision and focus on the daily grind. Whether it’s the controller, credit manager or CFO at a company, […]
What’s one of the first things people notice about a company’s headquarters? It’s right under their feet – floor surfaces. That’s why even when you’re under pressure to keep costs down, you can’t afford to scrimp much when it comes to floor maintenance. Old carpeting or worn-out hard flooring impacts how everyone – employees, visitors, potential […]
You’re skilled at keeping simultaneous track of your company’s profits and costs, including business operating expenses. Case in point: You can probably calculate your gross profit – revenue subtracted by the cost of goods sold – with little effort. But with economists predicting an economic slowdown of some kind this year, you’re probably keeping a […]
With an unclear economic picture for 2023, it’s important to take advantage of opportunities to make your business more efficient. But your spend management – which may be hindered by manual processes, and paper receipts, card statements, expense reports and invoices – can be a humongous speed bump on the road to efficiency. If your […]
In an economic climate where you might have to do some belt tightening, a cash leak from internal theft is unacceptable. However, according to Aaron Evett, director of implementation of the expense management and business budgeting software company Divvy, a lot of companies don’t realize how much money can be saved just by taking measures […]
There are a lot of differing opinions about the economy right now because the indicators contradict each other. For example, inflation keeps reaching all-time highs, yet consumer spending is strong. Also, the GDP declined two consecutive quarters (but increased 0.6% for Q3 2022), yet employment continues to grow. Because of the unusual economic conditions, making […]
One underappreciated advantage for attracting talent and minimizing costs is setting up shop in a business-friendly state. Higher-than-average tax rates, whether it’s for property, individual income, sales, corporate income or unemployment, take a big bite out of profits. With no near end in sight for high inflation, now may be as good a time as […]
It may be wise to evaluate your 2023 T&E budget one more time because hotel prices worldwide are expected to go up again, according to American Express Global Business Travel. A combination of pent-up demand for in-person meetings and ongoing hotel industry recovery struggles are likely to trigger higher prices and other challenges for securing […]
