Once cash or cheques were considered the ultimate way of dealing with money when running a business. Today there is a better way and those who are not making use of it are really doing their business a disservice.
Once upon a time, businesses depended on sending and receiving a hand-written document for their invoicing needs and for paying their bills. Their money was kept in a leather bag - probably under the floorboards. The next step up was using banks, cheques and printed invoices and the postal service. Nowadays, the businessman who does not have an online business account is doing his business a disservice.
An online business account has many benefits; not least is the speed with which you can send an invoice. The quicker you can get your invoices sent out and the money in your account, the better cash flow your business will have. Having an online business account will ensure that the invoices go out quickly and - hopefully - are paid just as quickly, thus your accounts will be kept up-to-date.
With an online business account you have the financial records all there at your fingertips. You can see at a glance what your business owes or is owed. You can send your invoices quickly, but you can also receive payment much more quickly than by cheques that must come via snail-mail. This is particularly important if it has to come from overseas, or if your business is conducted in a place that is relatively isolated, with an irregular mail service.
Another benefit of an online business account is that you can access it at any time of the day or night. There is no waiting for the doors of the bank to open before you can find out the state of your finances. So if you haven't made use of an online business account yet, maybe it is time to upgrade your business and start making use of technology.
SOURCE:
http://www.a1articles.com/article_1257137_19.html
Once upon a time, businesses depended on sending and receiving a hand-written document for their invoicing needs and for paying their bills. Their money was kept in a leather bag - probably under the floorboards. The next step up was using banks, cheques and printed invoices and the postal service. Nowadays, the businessman who does not have an online business account is doing his business a disservice.
An online business account has many benefits; not least is the speed with which you can send an invoice. The quicker you can get your invoices sent out and the money in your account, the better cash flow your business will have. Having an online business account will ensure that the invoices go out quickly and - hopefully - are paid just as quickly, thus your accounts will be kept up-to-date.
With an online business account you have the financial records all there at your fingertips. You can see at a glance what your business owes or is owed. You can send your invoices quickly, but you can also receive payment much more quickly than by cheques that must come via snail-mail. This is particularly important if it has to come from overseas, or if your business is conducted in a place that is relatively isolated, with an irregular mail service.
Another benefit of an online business account is that you can access it at any time of the day or night. There is no waiting for the doors of the bank to open before you can find out the state of your finances. So if you haven't made use of an online business account yet, maybe it is time to upgrade your business and start making use of technology.
SOURCE:
http://www.a1articles.com/article_1257137_19.html
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