Retirement Plans for Small Businesses
If you are self-employed or own a small business and haven’t established a retirement savings plan, what are you waiting for? A retirement plan can help you and your employees save for the future.
Category: Business Banking
Elevations Business Online Banking: Top 6 Frequently Asked Questions
Elevations Business Online Banking provides members with quick and easy access to manage their accounts. Here are six frequently asked questions from our business members to help you make the most of this tool. 1. How do I transfer funds from my business account to my personal account? If your business structure is a sole
A New Perspective on Accounts Receivable
In the first installment of this blog series, we learned about the critical role the balance sheet plays in managing a high-performing company. Then we looked at what good inventory management looks like. This month we’re sitting down with Mike Thomas, CEO of Alpha Widgets, to see if there is anything we can teach him
3 Rules of Inventory Management for Your Business
In the first installment of this blog series, we learned about the tremendous impact the balance sheet can have on the health of a company. We talked about how the income statement and balance sheet play two very distinct, equally important roles, and how understanding both of them is critical to operating a well-managed company.
Demystifying Your Balance Sheet: Discovering its Potential
How well do you understand your company’s balance sheet? What about your cash conversion cycle? Could you quantify, in real dollars, how much it costs to maintain a certain level of receivables on your balance sheet or that inventory on the shelf? Could you articulate the true cost, or savings, of a loan or line
Buying a Property for Your Business – What Your Lender Will Ask For
When considering whether or not to buy a building for your business, your banker can be a wealth of knowledge and information, and I encourage you to reach out to him/her. I can assure you they’ll be glad to hear from you. Once you make the choice to work with a lender on financing a
