#1
January 31st, 2017, 10:51 AM
| |||
| |||
Small Business Community Bank of America
My father wants to get details about Cash Flow Cycle of Small Business Community of Bank of America. So is there anybody who will tell me about Cash Flow Cycle of Small Business Community?
|
#2
January 31st, 2017, 11:53 AM
| |||
| |||
Re: Small Business Community Bank of America
As you are looking to get information about Cash Flow Cycle of Small Business Community of Bank of America, so here I am providing following information: Bank of America Cash Flow Cycle of Small Business Community Inventory Keep accounting up to date Maximize raw materials Reduce excess stock Manage inventory levels Maintain plants or office buildings Rent vs. buy equipment and vehicles Ensure you have reliable suppliers Managing Receivables (Cash In) Invoice oen and accurately Set payment terms Collect debt Offer easy ways to pay Accept as many cards as you can Embrace mobile payments Accept electronic payments (ACH & EFT) Establish customer relationships Collect part of your payment upfront Make deposits daily Offer discounts for early payment Set a payment-terms policy and enforce it Cash On Hand Maximize the cash you have received Maintain liquidity Cover operational costs Handle surplus cash wisely Business bank account = regular access + earned interest Consider investing for the long term Managing Payables (Cash Out) Strategize and plan Choose the right vendors Control who has purchasing power Use credit card for flexibility Pay taxes, loans and dividends to shareholders Set up payment schedules Reconcile daily Stretch payments Make foreign payments in local currency Contacts General servicing questions 888.BUSINESS (888.287.4637) Mon.–Fri. 7 a.m.–10 p.m. ET Sat. 7 a.m.–7 p.m. ET Online Banking support 866.758.5972 Mon.–Fri. 7 a.m.–10 p.m. ET Sat. 7 a.m.–7 p.m. ET Intuit® Online Payroll support 888.606.4545 Mon.–Fri. 9 a.m.–9 p.m. ET Remote Deposit Online support 877.270.1242 Mon.–Fri. 8 a.m.–8 p.m. ET Merchant Services support 800.430.7161 24/7 |