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Best Practices: Cash Flow Forecasting
Capital is the lifeblood of any manufacturing business. Each week, expenses must be met, even though customers might not pay on time — or in full. This article offers best practices to help eliminate much of the heartburn associated with managing a manufacturing facility’s day-to-day capital.
What You Need To Know About Business Bad Debts
When customers can’t pay their obligations to you, it may be possible to deduct these bad debts under Internal Revenue Code (IRC) Section 166. But it’s important to understand what counts as partially or wholly worthless bad debt and how to claim the deduction. This article describes the different types of business bad debts and how the accounting method affects how it’s reported. But it’s better to avoid bad debt to begin with, so a sidebar offers three tips to improve collections.
Crossing the (State) Line
When you say you want to grow your manufacturing company, what does that mean? It may entail expanding your physical plant or warehouse or introducing new products. It could also mean opening new markets by conducting business in multiple states. Many states have been more aggressive in going after out-of-state companies doing business in their […]