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Fourth Quarter Preparation

Tuesday, 03 September 2013

Fourth Quarter Preparations

For most businesses, the fourth quarter is the busiest time of the year.  Businesses are looking at budgets for the upcoming year, preparing for year end, evaluating inventory levels and gearing up for the holiday season.  For consumers, the holiday spirit begins early in the fourth quarter, typically in October as the Halloween Holiday appears on the calendar.  Consumers begin to purchase items early for Halloween, Thanksgiving and of course Christmas. 

To prepare for this busy time of year, it is important for businesses to have enough funds available to cover all of the various financial needs that may arise.  A common source of funding for the busy fourth quarter is the Line of Credit.  A Line of Credit provides funding, as you need it.  A benefit of the line of credit is that the business only pays interest on what they draw against.  The business should get their line of credit established ahead of time as they anticipate their funding needs.  Businesses can get approved quickly to ensure they will be financially ready for the end of the year. 

Another way to save time and efficiently manage your finances is utilizing online banking.  At most institutions, you have the option to receive your statements, transfer funds, pay bills and review transactions all online.  This is a huge time saver for business owners as they don’t have to leave their business to bank other than to make cash deposits.

Finally, businesses can prepare for the fourth quarter rush by having a good cash management system in place.  Many financial institutions offer cash management options to their business customers as a way to easily accept money from their customers and manage funds.  Cash management options such as credit card processing, wire transfers, check collect recovery services, customized return check processing, and remote capture are all beneficial to businesses.  Cash management is a safe and easy way to do business and it can also help prevent fraud. 

Contact your First National Bank to learn more about the products and services that could be beneficial to you during this busy season.

Last updated ( Wednesday, 04 December 2013 )


APY as high as: Rate
15 Month Special 1.20%
36 Months Raise-a-Rate** 1.00%
60 Months 1.50%
Savvy Saver 24 Month (21 years and younger) 1.00%
Rates Subject to Change