Payables 101

Expense-EZ

payables — Mon, 12 Sep 2011 05:16:47 +0000

Whether you are seeking a better way to keep up with your expenses for reimbursement purposes or for maximizing your tax deductions, make no mistake about it, Expense-EZ is the perfect solution.

Now managing your expenses is as simple as snapping a picture of your receipt using your smart phone and logging the expense to an expense category and creating a report to email to your accounting department for reimbursement or to send to your tax preparer. Go ahead and give it a try using our 30-day free trail!

Click to request a 30 day trial for FREE!

Take the “QUICK START” Payables 101 Tour

Take the “MOBILE EXPENSE” Payables 101 Tour

Share and Enjoy:

Starting a New Business?

payables — Wed, 01 Jun 2011 14:32:46 +0000

Are you starting a new business? Mike Porter, CPA, CFP offers some very helpful tips. Please click on the link below for information that you need to know before you get started with your new business.

Starting Your Own Business

Share and Enjoy:

Faster Invoicing, Faster Cash

payables — Wed, 27 Apr 2011 17:35:09 +0000

Did you know that slow collection of payments on invoices is the number one factor contributing to the under performance of so many small businesses? Every successful business can attest to the immense importance of managing finances with excellence.

Most entrepreneurs and sole proprietors look to their accounting system as their sole tool to accomplish this critical business function. Accounting systems certainly have their place in the management of a small business but make no mistake to manage your cash flow requires a finance management tool not only a financial reporting tool which is what you can expect from your accounting system.

So then how does one produce invoices faster you ask?

By having a system in place that captures and combines all of the data from every phase of the cash flow cycle beginning with the purchase of supplies, materials or services in the delivery of your product or service offering. Payables 101 has such a system. With Payables 101 you can instantly take the cost of your purchases and allocate them in whole or in part to a customer and produce the invoice along with your profit margin. If you make your purchases on credit terms then you can very likely collect your cash payment from your customer by the time your invoice on the purchase is due.

With Payables 101 you can manage all facets of your cash flow from managing inventory, to invoicing, to customer payment options and vendor payment options all online.

Cash flow requires day-by-day monitoring and managing. Any delays in obtaining critical cash flow information can be detrimental to your business which is why with Payables 101, we offer a cash position matrix that allows you to take a quick snap shot of your cash position daily. Regardless of the profit reported in your financial statements, if your cash flow is not maintained with exceptional detail you can find yourself out of business. Managing cash flow with success can only be achieved by getting organized.

Payables 101 helps you to do just that – get your finances organized so that you may manage it with excellence.

Take the “QUICK START” Payables 101 Tour

Take the “MOBILE EXPENSE” Payables 101 Tour

Share and Enjoy:

Finance v. Accounting

payables — Fri, 10 Dec 2010 20:41:43 +0000

There is a common misnomer held among small business owners that finance and accounting is one in the same. The reality is that accounting is a reporting function of the financial performance of an enterprise for a specific operating period. Conversely, finance is the management of revenues. Look at it this way; accounting is a snap shot of your business as of a given moment in time whereas finance is a fluid functioning part of your business. Fortune 500 companies and other large corporations understand this and most have multi-million dollar systems in place to manage both accounting and finance functions. Sole proprietors and entrepreneurs even though are much smaller businesses are not exempt from having to manage both functions of their businesses if they desire to be successful. So don’t just implement a small business accounting system such as Quickbooks but be sure to complement that tool with a small business finance (cash flow management system) as well.

We are expanding to reach more people through the use of our blog website and sharing information across the social networking sites such as myspace, facebook, digg, twitter and others. Help us to spread the word and interact with us!

Take the “QUICK START” Payables 101 Tour

Take the “MOBILE EXPENSE” Payables 101 Tour

Share and Enjoy:

Solving the Cash Flow Puzzle

payables — Tue, 27 Jul 2010 16:34:26 +0000

Cash flow is the life line of any business. Regardless of the profit reported in your financial statements, if your cash flow is not maintained with exceptional detail you can find yourself out of business. Managing cash flow with success can only be achieved by getting organized. Payables 101 helps you to do just that – get your finances organized so that you may manage it with excellence.

Sign up now for a free 30-day trial to begin using the most powerful cash flow management system on the market today for small businesses.

Don’t delay in getting started with putting your financial affairs in order, improving the financial stability of your business and managing your cash flow with excellence.

Click to request a 30 day trial for FREE!

Take the “QUICK START” Payables 101 Tour

Take the “MOBILE EXPENSE” Payables 101 Tour

Share and Enjoy: