Finance

Factoring Receivables: A Quick Guide to Costs and Benefits - Cloud Friday Accounting

Factoring Receivables: A Quick Guide to Costs and Benefits

Running a business requires adequate cash on hand. When the collection is slow and cash flow dwindles, business owners look for a way to bring more in. Some take out loans, while others use factoring receivables. What is Factoring Receivables? Factoring receivables, also known as invoice factoring or accounts receivable financing, is the process of […]

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Cash Flow 101: Understanding the Basics of Cash Flow Analysis - CloudFriday Accounting

Cash Flow 101: Understanding the Basics of Cash Flow Analysis

Cash flow is the lifeblood of any business, so it’s important to understand the basics of cash flow analysis to achieve long-term success. In this blog post, we will delve into the fundamentals of cash flow, explore the various sources of cash flow, and highlight the benefits of cash flow analysis for businesses. The Basics

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How to Achieve More with Less: 12 Cost-Saving Tips for Small Businesses in 2024 - CloudFriday

How to Achieve More with Less: 12 Cost-Saving Tips for Small Businesses in 2024

Running a small business can be challenging, especially in times of economic uncertainty and changing consumer preferences. Finding ways to cut costs and increase efficiency is critical. By implementing cost-saving strategies, small businesses can optimize their resources and achieve more with less. In this blog, we will explore twelve effective cost-saving tips for small businesses

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Navigating Insurance As A Small Business Owner - Cloud Friday Accounting

Navigating Insurance As A Small Business Owner

From general liability insurance to worker’s compensation, figuring out the world of insurance as a small business owner can be overwhelming. Depending on what your business does and what state you’re in, what insurance you need varies–making it even more confusing than it already is. Without the right insurance, you may end up paying a

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Step-By-Step Guide To Applying For A Small Business Loan - Cloud Friday Accounting

Step-By-Step Guide To Applying For A Small Business Loan

One of the first steps to starting or growing a business is applying for a small business loan. It can be overwhelming but is a necessary step for small businesses that need additional funding.  Between choosing the lender, understanding the different types of loans, and understanding the qualifications, it’s wise to do your research before

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How To Set Up A Small Business Budget - Cloud Friday Accounting

How To Set Up A Small Business Budget

Setting a budget is one of the most important things you can do for your personal and business finances. As a small business owner, every penny counts. If you’re not taking the time to track expenses, revenue, and other miscellaneous spending, you’re potentially putting your business in danger of financial stress–especially in the beginning stages.

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