NEWSLETTER: TAX PREP (MAR 2025)
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BMO’s Jamie Doolittle, Head of BMO Business Banking for Central Region, Ontario, hosts Heather Tuason, CEO of Arena CEO, for a discussion about Financial Forecasting – the New Year’s resolution that pays off.
No one likes to talk about late paying clients, but it happens to most businesses
The Importance of Timely Collections for Small Businesses As a small business owner, you’ve likely invested countless hours nurturing your company, from building relationships with clients to refining your products or services. After five years of hard work, you’ve established a solid foundation, but there’s one area that can make or break your business: timely…
Mastering Accounts Payable: A Guide for Small Business Success
As a small business owner or financial manager, optimizing your accounts payable (AP) process is crucial for maintaining healthy cash flow and strong vendor relationships. Let’s explore key strategies to enhance your AP management, focusing on fraud prevention, optimized timing, and cost reduction. The Foundation of Effective AP Management Centralized Invoice Processing Implement a centralized…
Why Budgets and Forecasts Matter
If you’ve always thought your business forecast and your business budget are one in the same, we have good news: You’re not alone. Whether your business is big or small, it’s important to have an accurate forecast and budget. That’s because both of them work together, helping you reach your ultimate goal—financial prosperity. But while…
Accounts Receivable
What are Accounts Receivable and Why Do They Matter? Accounts Receivable are one of the most important components of your revenue line. Very simply, accounts receivable are money you are expecting to flow into your business as a result of work performed or goods and services dispensed. As a business owner you sell a product…
