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Receivables Performance Management Reviews: Small Biz News

Receivables Performance Management Reviews: Amazon's Acquisition of Whole Foods Worries Small Producers Since August 2017, the business world has been abuzz with Amazon's acquisition of Whole Foods. The acquisition was finalized for a whopping $13.7 billion, and local producers, as well as small business owners, fear that the e-commerce giant's takeover would eventually kill their business. According to Receivables Performance Management reviews and research, small producers and businesses, including local restaurants, fear that it's only a matter of time before their businesses would fall into oblivion. With an efficient ordering and delivery system, and the availability of Whole Foods products on Amazon, it's not only the vendors that could be affected by the acquisition. For instance, local farm-to-table restaurants may suddenly find that they have an online competition for whole, organic foods—and at more affordable prices at that. Based on Receivables
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Learning The Basics Of Accounts Receivable

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Image source: fortiviti.com Accounts receivable is an account that represents the amount of revenue a company has earned but has not yet collected. It is the side of accounting that should have its own department in a business, with dedicated resources toward maintaining, monitoring, and collecting these accounts. Some businesses, however, have failed not because they were not profitable but because they were not collecting on sales, resulting in their cash flow being inadequate. Companies that sell products or supplies to buyers on account generally maintain a balance in accounts receivable. When new sales are made, there is an increase in the balance; when debts are paid, the balance decreases. Sales on account are regarded revenue at the time they are made in accrual-based accounting. When a company makes a sale on account, the balance increases. Cash balance is debited or increased when payments are collected. This is different from accounts receivable where i
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Ways To Ensure That Your Personal Information Is Secure

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Image source: thesmallbusinesssite.co.za For many, personal information is the gateway to finances, medical records, and credit scores. The privacy of these personal information has never been as important as it is today, with most transactions going digital and thus increasing the chances of getting your account hacked, and your money hijacked. Here are some tips on keeping such crucial information secure. One is to protect all your devices with passwords. Along with this is not settling for easy to decipher word or number combinations like your own or another family member’s birthdate. Secondly, be suspicious of any free download offers, as clicking on these could activate a virus or any other malicious software that can get your files erased or shared by hackers. When buying apps for your smartphone or PC, get them only from trusted app stores like Apple Store or Google Play. Never trust third-party sources. Also, there are many similarly named (or clone) sof
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