Factoring is not a loan, which means that as the owner of a trucking company, there is no debt you need to repay. Instead, factoring your freight bills allows you to sell invoices instantly for a nominal fee, and it has become a mainstream tool for many in the industry. […]
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Organising Your Business Finance
Failing to prepare is preparing to fail. This sporting metaphor certainly rings true when thinking about your business’ finances too. Whether you work by yourself or employ a number of staff, chances are you will always have headaches about money when thinking about the future. It’s a common problem and, […]
Tips To Manage Cash Flow For Your Transportation Business In 2016
Transportation businesses need to keep an eye on their cash flow statements. Checking these critical numbers gives you an indication about how much is going out and how much is coming in to your business. Earning more than business expenses? It's all good. Negative balance regularly appearing on statements? Not […]