Big firms are generally far better at managing their finances than are the small businesses. That is because it usually takes very knowledgeable accountants or CPAs to proficiently audit a company. However, if you are a small business owner without a full time CPA, here are the best 7 “tricks” small businesses can use to run their finances well! 1. Set longer A/P payment terms. During the last Recession, several massive firms unilaterally extended their payments to their vendors. They extended the times by that they’d pay their bills to sixty or ninety days. whereas it’s vital to pay vendors among the agreed-to terms, attempt to hash out longer payment…
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