Money
This is a certificate or token that can be exchanged for goods or services.
What is a voucher?
The management of this is vital for a business' survival.
What is cash flow?
This is a system of exchange where goods or services are traded directly without the use of money
What is bartering/to barter?
According to the financial expert in our book, businesses can minimize their expenses using this method to protect themselves if they don't have enough money in their bank account
What is ask the bank for a bigger overdraft?
This is the German equivalent of "Money’s tight at the moment."
What is knapp?
This is physical currency or coins used to make purchases
What is cash?
For big contracts, payments in this can be offered to customers
What are installments/instalments?
This type of payment is an instruction given by a customer to their bank to make regular payments of a fixed amount to a specified account
According to the financial expert in our book, this is the first level of escalation businesses can do to ensure customers pay their invoices
What is send payment reminder letters?
This is the German equivalent of "She made a small fortune."
What is ein kleines Vermögen?
This is a payment card that allows the holder to access funds from their bank account to pay for goods and services
What is a debit card?
Problems occur if income lags behind this
What are expenses?
This is a type of payment made through a mobile device, such as a smartphone or tablet, using a payment app or mobile wallet
What is a mobile payment?
According to the financial expert in our book, businesses can minimize their expenses using this method to allow individuals or businesses the opportunity to purchase their items they no longer need
What is sell unnecessary assets to raise cash?
This is the German equivalent of "You need to tighten your belts."
What is den Gürtel enger schnallen?
This type of money is a written order (in paper) from an account holder instructing a bank to pay a specified amount of money to a person or organization
What is a cheque/check?
Successful businesses use customer management to ensure these are paid on time and issued quickly
What are invoices?
This is a transaction in which a one-time payment is issued electronically by the account holder, e.g. to pay bills
What is a bank/credit transfer?
According to the financial expert in our book, this is the second level of escalation businesses can do to ensure customers pay their invoices
What is charge interest for late payments?
This is the German equivalent of "We’re in the black at last."
What is schwarze Zahlen schreiben?
This is a type of digital currency that can be used to make purchases online or in person
What is bitcoin?
Businesses should have this checked with a new customer's bank or credit agency
What is creditworthiness?
This type of payment is an instruction given by a customer to their bank authorizing a third party to collect payments from their account on a regular basis
What is a direct debit?
According to the financial expert in our book, this is the third level of escalation businesses can do to ensure customers pay their invoices
What is threaten with legal action?
This is the German equivalent of "I have to cough up again."
What is das Geld locker machen?