Business owners must monitor cash flow to thrive. By staying proactive with cashflow strategies, you can drive more cash flow to your business. One way to boost cashflow is to use a business credit card when you make purchases and pay suppliers. Other than municipal payments, you can use your credit card to pay most bills without a penalty. Business card policies change from state to state so the information we provide here is based on our experience in Massachusetts. To extend payment terms you can use your business credit card’s grace period to your advantage, read below.
Each year literally billions of dollars go as unclaimed money from federal and state governments, financial institutions and companies no longer generating activity. These can include tax refunds, savings or checking accounts, stocks, uncashed dividends or payroll checks, traveler’s checks, trust distributions, unredeemed money orders or gift certificates (in some states), insurance payments or refunds and life insurance policies, annuities, certificates of deposit, customer overpayments, utility security deposits, mineral royalty payments, and contents of safe deposit boxes.