Date Added: Jul 2009
It's second nature for any business owner to keep an eye on sales, repeat business, and profits. But as critical as these factors are, it's equally important to monitor the delicate balance between accounts receivable and accounts payable. Otherwise, your business can run out of cash without warning, and in a slow economy, that risk can be greater than ever. The savviest business owners know to not only watch sales and profits but to shape up their practices in accounts payable and receivable.