Jerry A. Jacobs is an Executive Vice President of a financial services company in Miami, Florida. He has over 30 years of experience in the financial services industry and specializes in helping people and company with their investments, savings plans, income plans, and trading plans. Here are three financing tips for startups and new companies.
Jerry A. Jacobs was born and raised in Miami, Florida. He attended Florida State University and returned to Miami after he graduated to pursue a career in the financial services industry.
- The first step that startups need to take is establishing an account system that is simple and easy to use. The most popular accounting system used by new companies is QuickBooks, but there are many other options available. It is best to set up an accounting system early on so that there is an established procedure before the finances of the company becomes more complex.
- Next, startups need to establish an accounts payable system to track their finances. An accounts payable system will maximize a company’s cash flow, keeps an accurate record of all expenses, and is an excellent way to keep track of the company’s finances. In this case, asking for the assistance of a professional is best because they can provide a more detailed system that fits the company’s needs.
- Next, startup companies need to work on their payment collection process. This process will establish how payments are collected, how to open invoices and balances due, credit guidelines, collection policies and timelines, and payment methods. It is important to establish the payment collection process before payments are collected.
Jerry A. Jacobs was born and raised in Miami, Florida. He attended Florida State University and returned to Miami after he graduated to pursue a career in the financial services industry.