Checks are Surging Again and Causing Cash Flow Challenges

How can businesses combat increased pressure on cashflow and profitability?

The constant volatility in the cost base of many businesses makes it even more important than ever to ensure that business owners have up-to-date cashflow projections in place, and that these are regularly reviewed and updated.

Business Expenses Can Come as a Surprise

Receiving a bill with unexpected expenses can significantly impact the cash flow of your business. Here are some tips you can use to handle these unforeseen bumps in the road. Be a prepared business owner Stick to a reconciliation schedule. Know how much cash you have in your bank account at any given time. Sticking to a consistent bank reconciliation schedule can help. Conventional wisdom suggests reconciling your bank account with bills paid a…

Checks are Surging Again and Causing Cash Flow Challenges

A 2024 AFP survey found that 91% of US businesses still use checks, up from 75% the year before.