Learn to read your cash flow statement
Small business owners have a lot of tasks to manage to keep their businesses running smoothly, but among the most important things on the radar is the financial health of the enterprise. Everyone knows when the money dries up, you’re done. Though there are many pieces...
Beware! Profit does not equal cash flow
Small businesses are especially susceptible to fluctuations in cash flow, so owners andmanagers need to continually monitor their company’s cash balance. As we’ve outlinedpreviously, the cash balance report is a great way to that. Beyond the cash balance report,...
Look at your cash balance report daily
Cash is king, and that is especially true for small businesses. As an owner or manager, you mustkeep an eagle eye on cash balances to ensure the financial stability of your company. You don’twant to be caught in a situation where it’s Monday, cash reserves are low,...