SMB Now Blog: The blog for small to medium sized business.

Tag Archives: finances

How sales can help finance in your small business

Every once in a while many company finance teams evaluate the profitability of your customer base. One of the important criteria is a measure called days sales outstanding or DSO. The calculation measures how long it takes an invoice to be collected once the product is shipped or service is preformed. There are certain customers […]

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Sales Tax exemption certificates: Yes, you must keep track of it!

Sales Tax exemption certificates: Yes, you must keep track of it! In my business career I have seen this happen three times: Once I was a credit manger, once as a major account sales rep, and once as a financial consultant, companies that sold products out of state and did not keep exacting records of […]

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Is your business behind the money curve?

Does your business have a nice sized A/R but little money to show for it? Is your company accounting manager always ducking collection calls? You may be behind the money curve. Here’s how it happens: You may have a few large customers that name their own credit terms or just pay slow. The key ratio […]

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Now you’ve taken an order but your supplier does not want to extend a credit line.

This is one of the more frustrating things that you can encounter as a business owner. You or your sales person has gone out and “won the battle” by bringing back a good sized order, and now the credit person on the other end of the phone does not want to extend terms or enough […]

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Dealing With Dun & Bradstreet – Part Two

As was mentioned in part one, a new business owner will eventually encounter the good people from Dun and Bradstreet who can be quite aggressive in trying to get information on your business. Some small business owners consider this “none of your business,” but viewing D & B in this way is to immediately start […]

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Dealing with Dun & Bradstreet, Part One

As a new small business owner, one generally starts out with a great idea for a product or service, a lot of drive, and hard work. Sooner or later, however, your business, a supplier, or a customer is going to “run a Dun & Bradstreet report” to find out your company’s financial standing. This inquiry […]

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Mint Money Management on the Move

I hesitated writing a review about Mint.com because when it comes to money in times like these you simply cannot afford to fall prey to another internet fly by night; but after researching my little review, I have discovered that Mint.com is a quiet and steady freight train that could completely evolve the way we […]

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