By Keith Tully
When it comes to proper budgeting and accounting, what most people tend to overlook is the prevention and preparation aspect. Without adequate planning, all the right data in the world won’t help once your bank account is over drafted all thanks to a simple oversight. Keep these five easy tips in mind for maintaining a healthy company bank account balance and eliminate the risk of potential company cash flow problems in the future.
Due to the hardships between 2007 and 2010, the banking industry has gone through a number of changes designed to get through the recession. With the economy finally regaining strength and stability, small business owners looking to realize their dreams or expand their horizons are understandably curious about how the banking industry will affect them. The good news is that solid ideas with a strong target audience are still in good standing.
Available Credit Sees Ups and Downs
Because of the recession, most banks felt the need to create a number of newer, stricter regulations, especially involving credit. Up to 2010, little credit was available as banks worked to make sure they could cover their own liabilities. In the intervening years, however, the economy has slowly but steadily become stronger.
In the age of mobile banking one must protect their personal information more than ever. With increased freedom to carry online banking activities anytime and anywhere including on a laptop, desktop computer, tablet or smartphone, so comes an increase in the need to protect online privacy.
We’re fortunate that a bank deposit, withdrawal, account transfer, balance inquiry, and even the ability to scan and transfer checks can be made from the privacy of your home at 10 PM, from an airport while traveling, or from a café via a simple SMS text with your bank or an automated command using a mobile application. However, there are still plenty of dangers to mobile banking and one is still held responsible for their own protection from threats like device loss, phishing, malware/viruses, spyware programs, and even financial fraud.
When managing mobile banking transactions, here are the five most common threats you need to protect yourself from:
Do you dream of checking statements and dwindling balance numbers? Drive yourself into a frenzy trying to budget as carefully as possible from month to month? Worry that a slow month may very well kill your business? Our guest poster today is Sarah Holt from the Consulting Guru and she’s dishing the best advice on how businesses can avoid freaking out and find their focus on the financial front.
Did you know that most businesses are in the red for at least a few years before they start to prosper? Starting and running your own business can be one of the most challenging things you’ve ever done and from a financial standpoint, it’s easy to let the debt weight on your shoulders rule your mood. But when money is scarce, there are four great ways to keep your chin up, both for yourself and your business! Continue reading