{"id":118,"date":"2022-01-18T10:28:06","date_gmt":"2022-01-18T04:58:06","guid":{"rendered":"https:\/\/www.zikzuk.com\/blog\/?p=118"},"modified":"2022-03-15T14:51:07","modified_gmt":"2022-03-15T09:21:07","slug":"5-ways-to-manage-business-finances-better-in-2022","status":"publish","type":"post","link":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/","title":{"rendered":"5 ways to manage business finances better in 2022"},"content":{"rendered":"\n

Creating a financial plan is essential for developing a strategy that will aid in the management of the company’s cash flow and revenue. In 2021, many small business owners faced several challenges. As we enter a new year, whatever your business goals are, strong financial management with the help of a smart business intelligence platform<\/strong> will be a key to your growth. Here are some smart ways that will make your finances perform better for you in 2022. <\/p>\n\n\n\n

Pricing Strategy<\/strong> <\/p>\n\n\n\n

If you don’t use a proven pricing formula, now is the time to start using it in order to achieve long-term business growth. Businesses raise their prices on an annual basis to keep up with the inflation rates. It is essential to communicate any price increase to the customers well in advance of the date they take effect. When communicating this information, prioritize how the increase will benefit them, such as getting a consistently high-quality product. <\/p>\n\n\n\n

Management of Cash Flows<\/strong> <\/p>\n\n\n\n

You should make every effort to collect payments from your customers on time. Pending payments can cause a company’s cash flow to suffer. A small-business owner should implement cutting-edge technology for automated payment collections from debtors. Collecting timely payments from clients will also help you pay creditors on time, increasing your reputation in the industry. <\/p>\n\n\n\n

Automate Business Processes <\/strong> <\/p>\n\n\n\n

Sending invoices, follow-up reminders, and collecting payments can be automated. Switch to ZikZuk Business Finance Manager<\/strong> if you want to simplify your business finances. It allows you to easily monitor receivables, send invoices, and helps you to manage your cash flows efficiently. <\/p>\n\n\n\n

Accounts Payable and Receivable<\/strong> <\/p>\n\n\n\n

Start chasing overdue invoices now so that you end 2022 with no outstanding debts from customers.  If you find that your customers consistently pay late, now is a good time to review your current payment terms and procedures. We also suggest improving your accounts payable process to ensure that you pay your creditors on time. <\/p>\n\n\n\n

Get organized<\/strong> <\/p>\n\n\n\n

Reducing paper from your office and transitioning from file cabinets to secure online storage isn’t enough; if your file structure is disorganized, you’ll still have trouble finding documents. Check that your online storage solution is functional and can automatically link documents to the final destination and file them. <\/p>\n\n\n\n

Final Words<\/strong> <\/p>\n\n\n\n

A new year means a new beginning \u2013 it’s time to put an end to any bad business habits that are affecting your finances. Maintaining good record-keeping habits will assist you in maintaining financial control. Use Zikzuk Business Finance Manager<\/strong> to manage your finances, and it can automate many processes, such as inventory management, sending timely reminders to your clients in order to collect payments, and so on.  <\/p>\n\n\n\n

It is an excellent time to implement post-COVID revival strategies that will help you improve your financial management. Manage your finances better with BFM! <\/p>\n","protected":false},"excerpt":{"rendered":"

Creating a financial plan is essential for developing a strategy that will aid in the management of the company’s cash flow and revenue. In 2021, many small business owners faced several challenges. As we enter a new year, whatever your business goals are, strong financial management with the help of a smart business intelligence platform will be a key to your growth. Here are some smart ways that…<\/p>\n","protected":false},"author":2,"featured_media":119,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[1],"tags":[2,15,5,7],"class_list":["post-118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-business-finance-management","tag-business-finance-manager","tag-business-finances","tag-business-financial-management"],"yoast_head":"\nBusiness Intelligence Platform | Business Finance Manager<\/title>\n<meta name=\"description\" content=\"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Business Intelligence Platform | Business Finance Manager\" \/>\n<meta property=\"og:description\" content=\"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/\" \/>\n<meta property=\"og:site_name\" content=\"Zikzuk\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-18T04:58:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-03-15T09:21:07+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1493\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jeevan Kumar\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/#website\",\"url\":\"https:\/\/www.zikzuk.com\/blog\/\",\"name\":\"Zikzuk\",\"description\":\"Business Finance Manager\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.zikzuk.com\/blog\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#primaryimage\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg\",\"contentUrl\":\"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg\",\"width\":2560,\"height\":1493},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#webpage\",\"url\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/\",\"name\":\"Business Intelligence Platform | Business Finance Manager\",\"isPartOf\":{\"@id\":\"https:\/\/www.zikzuk.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#primaryimage\"},\"datePublished\":\"2022-01-18T04:58:06+00:00\",\"dateModified\":\"2022-03-15T09:21:07+00:00\",\"author\":{\"@id\":\"https:\/\/www.zikzuk.com\/blog\/#\/schema\/person\/b7e5a7d078e8c4ff09e7ecfd508071d9\"},\"description\":\"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.zikzuk.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"5 ways to manage business finances better in 2022\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/#\/schema\/person\/b7e5a7d078e8c4ff09e7ecfd508071d9\",\"name\":\"Jeevan Kumar\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.zikzuk.com\/blog\/#personlogo\",\"inLanguage\":\"en-US\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/5857a11565869c11fd124e91de145768eac9f1559d9407a00baa8c74e380d34b?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/5857a11565869c11fd124e91de145768eac9f1559d9407a00baa8c74e380d34b?s=96&d=mm&r=g\",\"caption\":\"Jeevan Kumar\"},\"description\":\"I\\u2019m a technical content writer, with a passion for technology and innovation. I enjoy all aspects of online marketing spanning from organic SEO to paid digital marketing. I also have a flair for design and adept with tools like Canva, SEMrush, Ahrefs, Netcore, Sprout Social, Edifybiz and so on.\",\"sameAs\":[\"http:\/\/aXNEK&Y#oyquYFqBV&FyF4Li\"],\"url\":\"https:\/\/www.zikzuk.com\/blog\/author\/jeevan-kumar\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Business Intelligence Platform | Business Finance Manager","description":"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/","og_locale":"en_US","og_type":"article","og_title":"Business Intelligence Platform | Business Finance Manager","og_description":"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.","og_url":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/","og_site_name":"Zikzuk","article_published_time":"2022-01-18T04:58:06+00:00","article_modified_time":"2022-03-15T09:21:07+00:00","og_image":[{"width":2560,"height":1493,"url":"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"Jeevan Kumar","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.zikzuk.com\/blog\/#website","url":"https:\/\/www.zikzuk.com\/blog\/","name":"Zikzuk","description":"Business Finance Manager","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zikzuk.com\/blog\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"ImageObject","@id":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#primaryimage","inLanguage":"en-US","url":"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg","contentUrl":"https:\/\/www.zikzuk.com\/blog\/wp-content\/uploads\/2022\/01\/5-ways-to-manage-business-finances-better-in-2022-scaled.jpg","width":2560,"height":1493},{"@type":"WebPage","@id":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#webpage","url":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/","name":"Business Intelligence Platform | Business Finance Manager","isPartOf":{"@id":"https:\/\/www.zikzuk.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#primaryimage"},"datePublished":"2022-01-18T04:58:06+00:00","dateModified":"2022-03-15T09:21:07+00:00","author":{"@id":"https:\/\/www.zikzuk.com\/blog\/#\/schema\/person\/b7e5a7d078e8c4ff09e7ecfd508071d9"},"description":"Put an end to poor business financial habits that affect your finances. Use ZikZuk Business Finance Manager to manage your finances better.","breadcrumb":{"@id":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.zikzuk.com\/blog\/5-ways-to-manage-business-finances-better-in-2022\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zikzuk.com\/blog\/"},{"@type":"ListItem","position":2,"name":"5 ways to manage business finances better in 2022"}]},{"@type":"Person","@id":"https:\/\/www.zikzuk.com\/blog\/#\/schema\/person\/b7e5a7d078e8c4ff09e7ecfd508071d9","name":"Jeevan Kumar","image":{"@type":"ImageObject","@id":"https:\/\/www.zikzuk.com\/blog\/#personlogo","inLanguage":"en-US","url":"https:\/\/secure.gravatar.com\/avatar\/5857a11565869c11fd124e91de145768eac9f1559d9407a00baa8c74e380d34b?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/5857a11565869c11fd124e91de145768eac9f1559d9407a00baa8c74e380d34b?s=96&d=mm&r=g","caption":"Jeevan Kumar"},"description":"I\u2019m a technical content writer, with a passion for technology and innovation. I enjoy all aspects of online marketing spanning from organic SEO to paid digital marketing. I also have a flair for design and adept with tools like Canva, SEMrush, Ahrefs, Netcore, Sprout Social, Edifybiz and so on.","sameAs":["http:\/\/aXNEK&Y#oyquYFqBV&FyF4Li"],"url":"https:\/\/www.zikzuk.com\/blog\/author\/jeevan-kumar\/"}]}},"_links":{"self":[{"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/posts\/118","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/comments?post=118"}],"version-history":[{"count":1,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions"}],"predecessor-version":[{"id":120,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/posts\/118\/revisions\/120"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/media\/119"}],"wp:attachment":[{"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/media?parent=118"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/categories?post=118"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zikzuk.com\/blog\/wp-json\/wp\/v2\/tags?post=118"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}