Inflation has recently increased by the largest amount in 40 years in the United States. That means higher consumer prices for groceries, fuel, and everything else. An estimated 45 percent of households are currently struggling financially due to inflation. Businesses are impacted too.
Inflation causes customers to have less to spend on products and services, and the cost of doing business increases. Plus, when employees’ salaries are shrunk by inflation rates, that means they’re, in effect, incurring pay cuts. That can lead to lower job satisfaction, reduced engagement and productivity, and increased turnover costs.
Below, we discuss two big ways medium-sized businesses can significantly increase cash flow even during extreme inflation.
Topics: Accounting Technology, Small Business Advice and Tips, outsourced accounting services, outsourced accounting, technology, accounting tips, outsourced services, business strategy, outsourced bookkeeping services, financial technology, business tips, outsourced bookkeeping, business trends, roi
When many business leaders think of maximizing ROI, they immediately think of reducing client acquisition costs and.
One of the best ways for a business to improve its productivity and efficiency is through automating processes that.
Entrepreneurs and business owners experience all kinds of struggles while running a business, but don't let accounting.
Have you heard of client accounting services (CAS)? CAS are accounting and bookkeeping tasks that customers normally.
As a company grows and evolves, business leaders and key personnel may spend more and more time devoted to bookkeeping.
Topics: Small Business Advice and Tips, outsourced accounting services, outsourced accounting, bookkeeping services, small business tips, accounting services, accounting, accounting tips, business accounting, cash flow management, accounting processes, outsourced services, outsourced bookkeeping services, accounting systems, accounting trends, business tips, outsourced bookkeeping, client accounting services, cas
