BEST PRACTICES
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A Boutique Real Estate Brokerage — Over 20 Years in the Business
New Downtown Fort Pierce location coming soon!
Specializing on Both north and South hutchinSon iSlandS
ANGELA GELLER, Broker/Owner, Realtor®
ABR, GRI, CRS, CDPE
772-418-4420 —Angela@oceansidetc.com
AMANDA GELLER, Broker/Owner, Realtor®
Buyer’s Agent, Listing Agent, Property Management
772-332-3298 —Amanda@oceansidetc.com
Dedicated to providing an exceptional real estate experience to ensure that our customers
receive outstanding personal service and professional representation
www.OceansideRealtyPartners.com | 772-879-0098
5828 NW Windy Pines Lane, Port St. Lucie, FL 34986 | 140 HHHHH Recommendations
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established solutions available to help you
with your account payables.
Consider contacting a business banker
to discuss the best options and solutions
for your business.
ELECTRONIC PAYMENTS
Gain speed, reliability and convenience.
Consider electronic payment solutions
such as Automated Clearing House (ACH),
Electronic Funds Transfer (EFT) and Online
Banking. Benefits also include:
• Lower costs. Electronically processed
check transactions cost five times less than
a paper check.
• Security. Automatic and electronic
debits can reduce the number of people
who come in contact with your information,
and they cannot be misplaced or lost
in the mail.
Electronic payments enable you to
initiate a payment online or by phone
and remit it electronically to your vendor.
You’re also able to monitor your transaction
details and manage your account
conveniently online. Many options include
the ability to transfer foreign currencies.
AUTOMATED EMPLOYEE PAYROLL
As a small business owner, implementing
an automated payroll disbursement
system can save time, trim costs and may
help you stay on top of all your legal and
regulatory responsibilities.
• Consider direct deposit. Pay your employees
by crediting their existing bank
accounts. This helps eliminate check issuance
and processing expenses. It can also
serve to streamline reporting and enable
you to manage funds from your desktop.
• Look into employee payroll cards. These
are similar to debit cards. Simply make an
ACH direct deposit to each employee’s
payroll card. This gives them quick and
easy access to their funds at ATMs, bank
teller windows and merchants worldwide.
• Streamline employee compensation terms.
Whether you’re tracking employee hours or
paying overtime, health plan premiums and
401(k)s, having these tasks automated can
save you a lot of time and effort.
CREDIT CARDS
Using small business credit cards and
timing your purchases correctly can help
you enhance cash flow. No-interest credit
cards can provide up to a 90-day interestfree
window in some cases. Always be
aware of the billing cutoff date for your
credit cards.
Also, consider cards that pay you back.
Many credit cards offer rewards programs,
and accumulated points can be used for a
variety of business uses, including travel
and office equipment.
TO SUM UP: WHEN IT COMES TO
MANAGING PAYABLES, HAVE A
PLAN
Planning well, strategizing and forecasting
can serve to help you better manage
your account payables.
Also, keeping up with the latest advancements
could really pay off. Many new
technology solutions, like electronic payments
and automated employee payroll,
may help you streamline and speed up
your process, save you money every month
and free you up to run your business.
Cash outflow will always be a necessary
part of your business. But staying ahead of
these activities could make all the difference
— both with your vendors and your
bottom line.
Need help getting started? Take a look
at the different cash management tools
you can use to help run your business
more effectively and efficiently. v
/www.oceansiderealtypartners.com
/www.OceansideRealtyPartners.com
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