Blog | Resolve

What Is Days Sales Outstanding (DSO)?

Do you have a set of key performance metrics/indicators (KPIs) used to analyze your business's performance? If not, KPIs are something you should strongly consider. Performance metrics provide insight into the health of a business. One important performance metric, which tracks payment on…

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Net Terms & Credit

Understanding How Trade References Work

Businesses must be able to determine the risks they’re taking when extending credit or net terms payment options to a customer. Floating net terms (i.e. waiting 30 days to get paid) impacts their cash flow. There are different ways to determine if a customer is creditworthy and if you…

B2B Payments

How to Offer Customer Financing: A Comprehensive Guide

In business-to-business transactions, a lot of cash changes hands. Even if a business purchases a single unit, that asset could have a price tag that reads like a phone number. For these reasons, some businesses won’t have the finances to pay upfront. Naturally, most businesses will offer…

Business Growth

How to Manage Cash Flow in COVID: Accounts Receivable Tips

On May 13, 2020, the U.S. government’s Congressional Research Service published a report titled COVID-19: U.S. Economic Effects. It found that first quarter GDP fell at an annualized rate of 4.8%. Inflation-adjusted personal consumption spending in March fell by an annualized rate of 7.…

Cash Flow

How to Forecast Revenue Accurately

Why accurate revenue forecasting matters Creating a revenue forecast allows companies to plan for future projects, increase hiring, budget for purchasing commercial property, introduce new products, manage future cash expenses, and more. Companies that can forecast accurately tend to have…

B2B Payments

Preparing to Accept Credit Cards

If you never have accepted credit cards before, and depending on the complexity of your business, it can be fairly simple and quick to get started. Read on as we go over what to expect when preparing to accept credit cards. Simple business, simple process For smaller businesses, the…

Net Terms & Credit

How to Establish Business Credit

Establishing business credit is similar to establishing personal credit. One of the main differences is that business credit is more of a manual process rather than automated. While establishing business credit takes a little more effort, it shouldn’t dissuade you building up your business…

B2B Payments

Myths About Accepting Paper Check Payments

Some small businesses still believe paper checks are at the top of the payment hierarchy. Such beliefs exist more because those businesses haven't stayed up-to-date with the latest payment trends or tried any different payment methods in a long time. In this article, we'll dispel several…

Cash Flow

How to Streamline Your AR Process

A streamlined Account Receivable process means being paid on time, standardization, and predictable outcomes. But, how do you get to a streamlined AR process? The answer is with a plan and time. In this article, we’ll show you the steps to take in reaching a highly efficient AR process…

B2B Payments

Should You Outsource Your A/R Collections?

Anyone who deals with AR collections knows what a time-consuming and frustrating experience it can be. It is more so for smaller companies since they don’t have dedicated staff to handle collections and instead must divert resources to the task as needed. There’s a better way to deal with…

B2B Payments

Understanding ACH Dispute Codes

Accepting automated clearing house (ACH) payments is a great way to grow your business. ACH is another way to increase your payment method offerings, allowing you to reach a broader audience of customers. Some customers will simply prefer to pay via ACH than any other method. Not everyone…

Net Terms & Credit

Preventing Invoice Fraud

Invoice fraud can sneak up on small business owners. Fraudsters don’t want their misdeeds to be noticed and they do their best to conceal those misdeeds. At some point, missing money becomes noticeable, but it can take years before the fraud is ever detected. Most small businesses simply…

Cash Flow

Building a Solid Small Business Accounting Foundation

A solid foundation is the first step to creating a successful business. There are many parts to creating such a foundation and, in this article, we focus on creating a solid small-business accounting foundation. Always have a pro in your corner Running a small business by yourself can be…

Business Growth

7 Reasons to Outsource Payroll

Just because you can do something doesn’t mean you should. When you’re a small business owner, that saying applies 2X. Small-business owners are often micromanagers and can’t help trying to do everything themselves. This usually results in inefficiencies, even if the business owner doesn’t…

Factoring & Financing

Is Equipment Leasing or Purchase Financing Right for My Business?

This article will provide a quick overview of what you need to know when deciding if equipment leasing or purchase financing is right for you. Each has its pros and cons. The goal of the article is to help you understand which financing option is best for your business, based on how the…