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Posted by: Charles P Myrick CPA Posted on: Sep 11 2020

How to Use Invoice Factoring to Build Cash Reserves

Having enough cash on hand during tough times is essential for any small business. When sales are slow, you need to pay your expenses and employees to keep operations flowing. Your incoming revenue and outgoing expenditures may not always tie together, which may create cash flow problems. Invoice factoring can help infuse the cash you need to build reserves during these difficult times. Here’s what you need to know about invoice factoring and how to use it to build cash reserves for your small business.

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Posted by: Charles P Myrick CPA Posted on: Sep 03 2020

How to Manage Small Business Variable Expenses

Are you on top of the variable expenses in your small business? Planning a budget can be difficult when some costs vary from month to month. These unforeseen expenses can eat away at profits essential for business growth and development. Here are six tips for managing small business variable expenses.

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Posted by: Charles P Myrick CPA Posted on: Aug 14 2020

What is Your Company's Cash Break-Even Point?

Do you know the cash break-even point of your business?  My experience with small businesses is that It can take time for them to become profitable. Working with a cash flow projection for your business can help you figure out when you can expect to financially turn the tides. Here's everything you need to know about determining your company's cash break-even point.

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