Businesses issue invoices to their customers for completion of good & services. Simple stuff however, it’s worthwhile taking a deeper look at what an invoice actually is.
Plainly stated an invoice is the promise of a future cash payment by a third party. In accounting and business parlance any future positive cash flow is labelled an Asset and specifically for an invoice it is a Current Asset as it converts to cash in the short term (e.g. payment terms NET 30 days). For many businesses in B2B industries, it is common place for the accounts receivable ledger to be the only asset of value on the balance sheet.
If you're new to Waddle & using QuickBooks Online, let's go over 3 things that will maximise the amount of credit available to you.
Not all businesses are ready to make the leap to storing their accounting data in the cloud. For those businesses that use QuickBooks online, they’re taking advantage of time and cost savings that Waddle brings to thousands of Australian QuickBooks Online customers through pure automation of all lending processes.
Ask yourself, how important is an email opt-in list to your business?
If the answer is no, then this post isn’t for you. If you answered yes then you’ll have some understanding of how important it is to grow your list of targeted followers that are actually interested in hearing your messages.
Sales & Marketing
Accountants and finance brokers can now offer a new powerful engaging experience with Waddle
We know your clients mean everything to you. We designed the Waddle Partner Program to help you grow your financial advisory or brokerage, building rewarding relationships with your clients. Visit the partner page.
Following on from our last recommendations, this post follows the theme of building products & generating exceptional customer service.
[ecko_quote source="Walt Disney"][inlinetweet prefix="" tweeter="" suffix="@getwaddle"]There is more treasure in books than in all the pirate’s loot on Treasure Island.[/inlinetweet][/ecko_quote]
Whether you’re a start-up or a 95-year-old well-established company like Qantas, as sure as the sun rises, it’s almost a certainty that it has or will rely on borrowed capital.
When you set out to borrow money from a bank or alternative lending source (non-bank) to fund operations or make purchases you’ll comes across two major lending methods: Cash Flow or Asset-Based loans.
Asset Based Loans,
Cash Flow Loans
In the last twelve months, online business loan options are popping up everywhere, choosing the right one for your business can be harder than you think.
What’s an online business loan and why is it any different to a regular loan?
Fixed term loan,
revolving line of credit
Could you benefit from eliminating cash flow gaps in your business?
There are only two things that stop a business from freely growing without constraints, slow paying customers and having clear insight into what cash is due to come in.
We’re one month in from Waddle’s first release and we’ve been busy developing and delivering our advanced user experience dashboard.
We added some key changes to Waddle, including more streamlined views, data security, Waddle data feeds and real-time drawdown payments which will be a continued development towards a [inlinetweet prefix="" tweeter="" suffix="@getwaddle"]new feature on its way called Waddle Pay ®[/inlinetweet].