Archive for November, 2008
Solving tax issues with invoice factoring business finance
Recently I have had a number of enquiries from small businesses which have had some large tax bills or owe a lot of money to suppliers. The most common problem I notice is the business has no real estate or other traditional assets to borrow money from the bank, not that the bank would look [...]
Credit reporting and checking the credit of your new customers
I had a call from a new client yesterday who was concerned that his invoices were taking longer and longer to get paid. Some of his invoices were taking up to 90 days to be paid and he explained to me that he just wanted to stop thinking about whether or not his customers were [...]
Finance for small transport and trucking businesses
Recently we have noticed a surge in the number of small trucking businesses approaching us for assistance with their cash flows. The main cause of pain for these companies is the fact that the truckies need to purchase their fuel upfront nad cannot get credit to obtain it.
Fortunately, the recent falls in fuel prices will [...]
Invoice correctly and avoid customer disputes
One of my main concerns leading up to Christmas and with credit tightening is that businesses can and will make any excuse to delay payments or even not pay invoices at all. Simply by not putting the words “tax invoice” can give rise to a dispute.
We come across many small business owners who do [...]
Be bold not fearful!! Sunday, October 12, 2008
I have now decided to jump on the bandwagon of publishing my thoughts about some of the opportunities and challenges that I have been coming across in my daily business routines.
Today in our morning team meeting I asked our account manager (who has a lot of experience in business) to comment on what she would [...]
Australia really is the lucky country; Our floating currency Sunday, October 12, 2008
All I can say at this point in time is thank goodness that our currency is a floating one as the plummeting Aussie dollar will buffer our business here that export (including those that export commodities). This may be a simplistic view (I am by no means an economic wizz), but from a businessman’s point [...]
Cash flow and an interesting conversation with a lawyer Monday, October 13, 2008
I had a conversation last night with a lawyer who was respresenting a customer who’s supplier had just pulled their trade credit line on them.
The trade credit line was for $600,000, and this turning off of taps has effectively put his client into liquidation and now they have to go into voluntary administration. This is [...]
Swings and Roundabouts Wednesday, October 15, 2008
I am currently reading an interesting book called “Manias, Panics, and Crashes: A History of Financial Crises (Wiley Investment Classics)”Charles P. Kindleberger, wow what a great read it is!
The amazing thing I have found when reading this is what a short memory I have. Does anybody remember the collapse in Japan in the 1980’s where [...]
Cash flow tips from a factoring company Thursday, October 16, 2008
Here are some tips on how to get our invoices paid quicker and improve your cash flow. As a factoring provider, we are experts in getting your invoices paid first.
1. Check to make sure who the correct person is in the company that is supposed to approve your invoice and make sure you send it [...]
Welcome to AR Cash Flow factoring and cash flow finance
We turn your unpaid invoices into instant cash flow which you can put to work immediately through small business invoice factoring. ARCF helps manufacturers, wholesalers, transport companies, commercial cleaning businesses & more.
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