312-253-4321    Get SUPPORT

Alchetec Blog

If You’re Struggling Due to Cash Flow, You Aren’t Alone

If You’re Struggling Due to Cash Flow, You Aren’t Alone

Between you and me, how is your business doing financially? If you answered with something along the lines of “not great,” you are certainly not alone. Cash flow is an issue for businesses all around the world, as a recent report from Intuit makes all too clear.

Intuit QuickBooks released the results of a study performed to establish where small businesses stand as far as their cash flow is concerned. This study, entitled The State of Small Business Cash Flow, revealed that cash flow issues have had a significant impact on businesses. Having surveyed 3000 small businesses with fewer than 100 employees in the United States, United Kingdom, Canada, India, and Australia, Intuit was able to identify a few major business concerns.

Common Issues
According to this survey, 61 percent of small businesses have regular issues with their cash flow, with 42 percent of this group having had a cash flow issue within the past year. Of these businesses, 32 percent have been short on capital - rendering them unable to pay for one of their other obligations, like loans, vendors, or even their employees. Over two-in-five small business owners have faced the prospect of being late with their employees’ payments, while 32 percent have been forced to do so.

In the United States specifically, insufficient cash flow has contributed to considerable missed opportunities. Businesses have lost an average of $43,394 by passing on projects or sales thanks to these insufficiencies, more than half having lost at least $10,000.

Clearly, there’s an issue here.

The Underlying Cause
According to the survey, small businesses in the U.S. average a total of $53,399 in outstanding receivables. That’s $53,399, owed to the business, that has yet to be paid. On average, businesses wait 29 days before their payments are received.

It is this delay that causes the major issues outlined above in businesses.

If you’re tired of waiting around to be paid for your services, reach out to Alchetec. We have the expertise to identify and implement the solutions you need to efficiently invoice your clients and customers, providing them with flexible payment options. Reach out to us at 312-253-4321 to learn more!

Fishing for Answers to Keep Phishing Attacks from ...
Tip of the Week: Android Pie Tips and Tricks


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Wednesday, July 24 2019

Captcha Image

Subscribe to Our Blog!

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Tip of the Week Technology Best Practices Business Computing Cloud Productivity Network Security IT Services Malware Privacy Hosted Solutions Software Data Backup Email Hackers Data Outsourced IT Internet Computer Microsoft Innovation Business Productivity Managed IT Services Data Recovery Ransomware IT Support Tech Term Hardware Cloud Computing Business Continuity User Tips Backup Mobile Devices Collaboration IT Support Small Business Google Business Management Efficiency Managed IT Services Android Paperless Office VoIP Communication Upgrade Remote Monitoring Phishing Windows 10 Cybersecurity Smartphone Smartphones Disaster Recovery Server Save Money Internet of Things Data Management Workplace Tips Managed Service Provider Browser Office 365 Encryption Managed IT Mobile Device Artificial Intelligence Passwords Communications BYOD Social Media Holiday Windows 10 Quick Tips Business Technology Facebook Employer-Employee Relationship Saving Money Automation Compliance Wi-Fi Risk Management Laptops Government Document Management Managed Service Windows Applications SaaS Training Infrastructure Tip of the week Telephone Systems File Sharing Bandwidth Unified Threat Management BDR Password Virtualization Healthcare Recovery Antivirus Help Desk Network Processor Vendor Management Vulnerability IT Management Scam Analytics Project Management Blockchain Chrome Information Microsoft Office Robot Customer Relationship Management Firewall Data loss Storage Gmail Website Tablet Miscellaneous App Files Wireless Mobile Device Management Going Green Maintenance Money Router Word Regulations Data Storage Two-factor Authentication Politics VPN Virtual Reality Apps Work/Life Balance Bring Your Own Device IT Service Data Security Hosted Solution Office Upgrades Identity Theft Computers Company Culture Big Data Licensing Computing Software as a Service Users Display Alert Customer Service Assessment How To Patch Management Uninterrupted Power Supply Unified Communications Mobility How To Monitors Samsung Proactive Consultation Employees Redundancy Network Management Management Smart Technology Net Neutrality Chromebook Windows 7 Remote Monitoring and Management RMM Server Management Settings HIPAA Twitter Remote Workers Flexibility Health Operating System Networking Internet Exlporer Machine Learning Social IoT Access Control Remote Computing Printing Electronic Medical Records Cooperation The Internet of Things Downtime Virtual Private Network Outlook Mobile Security Digital Payment Gadgets Current Events Permissions Star Wars Features Wasting Time Statistics Spyware SharePoint Mirgation IT Solutions High-Speed Internet Processors Human Error Firefox Nanotechnology Legal Law Enforcement Monitoring ROI Technology Laws Staff USB Authentication Mail Merge Database Management Break Fix Asset Tracking Theft Avoiding Downtime Techology Unsupported Software Hotspot Recycling Private Cloud Favorites Teamwork Shortcut Solid State Drives Black Friday Motherboard Personal Information 3D Printing Projects Fraud Utility Computing Update Electronic Health Records Database Bluetooth Downloads Migration Development MSP Permission Disaster Lenovo Dark Web Screen Reader Gadget Consulting Notes WiFi Heating/Cooling VoIP Unified Threat Management Dark Data Operations Managing Stress Authorization Software Tips Address GDPR OneNote Financial Time Management Disaster Resistance Mobile Data Language eWaste Conferencing Shared resources Apple Technology Tips Social Engineering Options Cyber Monday Mobile Computing Virus Superfish Return on Investment Cyberattacks Voice over Internet Protocol Multi-Factor Security Chatbots Cables Spam Test Cybercrime Data Warehousing Smart Tech Managed Services Provider PowerPoint GPS Servers YouTube User Error Wearable Technology Enterprise Content Management Black Market Employee-Employer Relationship Procurement Proactive IT Computing Infrastructure Meetings OneDrive Google Maps Mouse Search Wireless Internet Computer Repair Crowdsourcing Travel Cost Management Botnet Read Only Supercomputer Hacking Google Calendar Identity Notifications Microsoft Excel Connectivity Sports Point of Sale Professional Services Tracking Printer Network Congestion Physical Security Vulnerabilities Wires Zero-Day Threat Content Filtering History Security Cameras Touchscreen Corporate Profile IT Consulting Humor Alerts Enterprise Resource Planning Business Growth Augmented Reality Instant Messaging Manufacturing Comparison Employer/Employee Relationships Distributed Denial of Service Modem Solid State Drive Cortana Hard Drive Wireless Technology 5G Transportation IT Budget Trending Legislation End of Support Tech Support WPA3 Bitcoin Telephony Safety E-Commerce Virtual Assistant Websites Digital Education IT Technicians Geography IBM Backup and Disaster Recovery G Suite Cabling Hacker Remote Worker Computer Care WannaCry Data Breach Office Tips Mobile Automobile Finance Hard Disk Drives Specifications Proactive Maintenance Managed IT Service Cookies Fleet Tracking Tech Terms Taxes Google Drive Hard Disk Drive Cache Emoji Bookmarks Social Networking Competition Regulation Hiring/Firing IP Address Staffing Sync IT Consultant Fun CrashOverride Mobile Office Mobile Device Managment Error Domains Administrator Hard Drives Information Technology Public Cloud Public Speaking Presentation Lithium-ion battery Cleaning Motion Sickness Printers Hacks Emergency Marketing Relocation Students Budget