What is an Aging Report and why does it matter?
A key tool for success for small and mid-sized businesses is an aging report. But what exactly is an aging report and why is it so important?
An aging report is often referred to as account receivables reconciliation, which is essentially a compilation of all your invoices.
One of our “Favorite” Partnerships in Healthcare
At Kompass Funding, we are fortunate to have the opportunity to partner with one of the most tenured and respected medical staffing companies in the country, Favorite Healthcare Staffing.
Get to know our CEO: John Minnis
Some of you may not know who is steering this ship and that is why we wanted to do this week’s team member spotlight on our fearless leader, John! John’s role spans across all aspects of the company including business development, underwriting, relationship management, finance, and marketing.
Funding for an Uncertain Future
Although the ripple effects of COVID-19 are still prevalent today, we want to take this moment and recognize people’s adaptability and resilience over this last year. Many of us turned bedrooms into offices, living rooms into gyms, and kitchens into personal 5-star restaurants.
What is Supplier QuickPay and how does it work?
According to the SBA, 99.9% of all businesses in the US are considered small businesses meaning they have less than 500 employees. At the same time, small businesses tend to work with over hundreds of suppliers! We’ve found that for many business owners, managing supplier payments and their accounts payable can be a challenge.