How Much of 2016’s $825 Billion in Unpaid Invoices Were Owed to You?

How Much of 2016’s $825 Billion in Unpaid Invoices Were Owed to You?

The primary reason that businesses are opened is to make money. Whether it’s to sustain a lifestyle, provide funds for a cause, or some other goal, a business needs an incoming cash flow in order to stay open. However, this is a fairly large problem for many small businesses, as their invoices often don’t return in a timely manner.

As a small-to-medium-sized business owner, operator, or even employee, you depend on the business to make money so that you can meet the financial obligations that life presents you. However, most industries have taken to offering payment terms that stretch the time that an invoice must be paid by to 30, 60, or as many as 90 days.

As a result, many businesses--most likely including yours--have encountered difficulties in their operations as they wait for the payments from their clientele to come in.

These difficulties are far more prevalent than one may initially think. It is estimated that a full 5 percent of the national gross domestic product is made up of unpaid invoices, the average small business waiting for about $84 thousand in unpaid invoices, 81 percent of which are past due by 30 days. Comparatively, the average small businesses has about 27 days worth of capital available to them in reserve.

In 2016 alone, there was an estimated $825 billion in unpaid invoices owed to small businesses.

Clearly, this causes a problem for many small and even medium-sized businesses. With their money tied up in sustaining themselves until their cash flows continue, these businesses aren’t able to improve their operations. What was the last project you started that had to be put on hold because there simply weren’t the available funds to cover it?

As much as we hate to ask you to make an investment when we just said that small businesses aren’t able to access the funds they need to function, Computerware can help you reduce your capital spend by transferring a lot of your financial obligations into predictable, budgeted amounts where your IT is concerned. We’re here to help you utilize software to enable your business to run smoothly with solutions that will help you manage and track where your money is, and isn’t, coming from.

Call us at (703) 821-8200 for more information about line of business applications and programs that can help you keep track of your invoices.

Without These Tools, Your Network Isn’t Secure
Microsoft SharePoint Makes Team Collaboration Easy


No comments made yet. Be the first to submit a comment
Already Registered? Login Here
Tuesday, July 17, 2018

Captcha Image

Mobile? Grab this Article!

QR-Code dieser Seite

Tag Cloud

Security Tip of the Week Technology Best Practices Privacy Internet Cloud Business Management Software Microsoft Hackers Business Computing Managed Service Provider Backup Productivity Workplace Tips Data Hardware Saving Money Business Malware Email IT Support IT Services Hosted Solutions Network Security Google Small Business Efficiency Smartphones Gadgets Quick Tips Business Continuity User Tips Mobile Devices Computer Disaster Recovery Mobile Office Virtualization Network Innovation Android Microsoft Office Server Mobile Device Management VoIP Social Media Smartphone Windows 10 Upgrade Miscellaneous Ransomware Unified Threat Management Windows Operating System Remote Monitoring Passwords BYOD Remote Computing Holiday Collaboration Communication Mobile Computing Managed IT services Apps WiFi Cybersecurity Vendor Management Marketing Facebook Data Backup Data Recovery IT Support The Internet of Things Firewall History communications Apple Users Analytics Data Management Alert Productivity Internet of Things Automation Tech Term BDR Save Money Managed IT Services App Outsourced IT Artificial Intelligence Phishing IT Consultant Office Content Filtering Bandwidth Going Green Big data Gmail Health Mobile Device Spam Bring Your Own Device Wireless Technology Hard Drives Antivirus Search Windows 8 Outlook Cost Management Maintenance Budget Printer Tech Support Lithium-ion Battery Virus Best Practice Information Technology Managed IT Encryption Browser Hiring/Firing Cybercrime Hacking Computers Travel Office 365 Update IBM Recovery Phone System Money Document Management Help Desk Employer-Employee Relationship Networking Legal Proactive IT Administration Running Cable Cloud Computing Windows 10 Regulations Saving Time VPN Intranet SaaS Education Humor Law Enforcement Risk Management Customer Service Two-factor Authentication Compliance Training Data storage It Management Save Time Business Technology Website Government Hard Drive Word Mobility Company Culture Data Breach Social Engineering Computer Repair Password Cortana Social Networking Project Management Paperless Office Hacker Fax Server Disaster Avoiding Downtime Twitter End of Support Hosted Solution iPhone Robot Securty Access Control User Telephone Systems Excel Solid State Drive Data Security Wireless Business Intelligence Applications Customer Relationship Management DDoS Flexibility Digital Payment Black Market Patch Management Blockchain Augmented Reality File Sharing Downtime Laptop Data Loss PowerPoint Current Events Comparison Tablet Business Growth Co-managed IT Webcam Redundancy Retail Virtual Reality Monitors Trending User Error Text Messaging Politics Cleaning Automobile Office Tips Mouse eWaste Emails Chromebook Value Computing Infrastructure Hack YouTube Statistics Digital Programming Websites How To Sports Lifestyle Unified Communications Settings Network Congestion Private Cloud Start Menu Tech Terms Processors Download Computing Inbound Marketing Vulnerabilities Mobile Technology USB Software as a Service Presentation Healthcare Telephony Streaming Media Machine Learning Pain Points Uninterrupted Power Supply Taxes IT service Specifications Safety Distributed Denial of Service Virtual Desktop Bitcoin Net Neutrality Social Public Cloud Chrome Data Protection Documents Bluetooth Heating/Cooling Storage Identity Theft Cryptocurrency Router Google Docs Computer Accessories Gaming Console Scam Experience Google Maps Tip of the week Domains In Internet of Things Fraud LinkedIn Tactics GPS Google Calendar Devices Touchscreen News Public Speaking CIO Monitoring VoIP Advertising Flash UTM Content Webinar External Harddrive Google Wallet Archive Legislation Knowledge Motion Sickness Windows XP IT Plan Skype Enterprise Resource Planning Consultation Evernote Shortcut Scalability Staffing Thin CLient Virtual Assistant Troubleshooting Displays email scam Addiction 3D Ebay Technology Tips Entrepreneur Messenger Tracking Society Accountants Fake News HIPAA Micrsooft Management Audit Environment Rental Service Meetings Point of Contact Multi-factor Authentication Information Smart Phones Cabling Drones Wireless Headphones Electronic Payment Web Server Migration Connected Devices Data Warehousing Competition Leadership Emergency Hard Drive Disposal Business Owner Wi-Fi Administrator Network Management Best Practives Adminstration Pirating Information Access Books Workers Equifax Microsoft Excel IP Address Recycling Computer Care Supercomputer Permissions Language Device security Analytic MSP Application Worker Nanotechnology Microserver Human Resources Microchip Desktop Product Reviews Finance Google Drive Windows Server 2008 Vulnerability switches Writing Business Cards Service Level Agreement Spyware Mobile Payment Reading Samsung Music Startup Read G Suite Upgrades Unified Threat Management Backup and Disaster Recovery Get More Done Electricity Printing Employer Employee Relationship Digital Signature Licensing Device Management Screen Reader Turn Key Upselling Hacks Physical Security LiFi Gamification Printer Server Windows 7 Smart Tech Entertainment Banking Botnet Piracy Business Managemenet Upload Trojan Video Surveillance cache Television Teamwork Relocation Tablets Content Management Saving ZTime Sync Deep Learning Fiber-Optic Database WannaCry Downloads Work/Life Balance HTML Organize online Currency Conferencing Corporate Profile PDF Notifications CCTV Visible Light Communication Memory Mobile Security Time Management Freedom of Information Multi-Factor Security Harddrive Business Metrics Computer Malfunction IT consulting Software License Trends Debate Assessment SharePoint Best Available Keyboard Reliable Computing CrashOverride Capital Productuvuty Username Managing Stress 3D Printing