Accounts Receivable

Borrow Based on Customers Credit

Employees won’t wait for payroll and landlords don’t want to hear about your cash flow when rent is due. Sure, cash is a problem.  But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here’s how you can get the cash when you need it the most: The Root Cause [...]

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Screaming Won’t Help when Too Much Cash Kills Your Business

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I’m embarrassed to tell you that I actually screamed at a salesman over the phone today.  It takes a lot to get me worked up, but in this case I broke.  I simply wanted to PAY this guy, and he could not take payment over the phone. ME: “What? No invoicing?  No credit card?  No Paypal, SquarePay, [...]

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Are you Financing a Russian Crime Boss?

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I recently discovered a number of businesses in the USA that are helping the Russian Mob rip people off.  If you sell a product, your company could be one of them. I’m not kidding. HP and Office Max are on the list.  So is PayPal.  And hundreds of other companies that sell products online are [...]

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ACH: How to Avoid Credit Card Merchant Fees Forever

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You earn your money.  But if you get paid by credit card, you’re giving away 3% to VISA and MasterCard. Said another way – you’re paying credit card merchant fees of about 20 cents for each dollar of profit… 20% of profits just for the pleasure of getting paid. Crazy, right?  You have better uses [...]

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Collect International Debt – 7 ways to make foreign customers pay

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You know times are tough when you start spending your time on lawsuits to collect your invoices.  Over the last two years, I’ve had to beg, borrow and yes, sue to collect money owed to me by foreign customers.  It’s humiliating and a complete waste of time.  But it’s also a fact of life: international [...]

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Mobile Payment Technology: 6 new ways to take your customer’s money

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The ATM on the sidewalk is dead.  Long live the ATM in my pocket. In 1973 the first ATMs changed the way customers paid. And for 40 years they remained a vital fixture of retailers, gas stations, and banks…until now. Now cash and ATMs are quickly losing their appeal as new technology gives almost every customer a direct [...]

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When customers won’t pay: 4 Radical Ideas for Collecting Receivables

You may have figured out by now that Cash Flow is on my mind.  We have customers who are not paying.  Big companies, with big bills.  So I’m sitting around figuring out how to squeeze money from these people. To make it worse, the delinquent accounts are on the other side of the world.  They [...]

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UCC Filing: Simple Secrets that could Save you Millions

Do you know how to use a UCC filing to protect your accounts receivable? Imagine the panic I heard on the phone last month from my friend whose main customer was facing bankruptcy. My friend’s customer had recently purchased a TRAIN CAR FULL of product, had not finished paying for the stuff and was now [...]

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