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Beware! Profit does not equal cash flow

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,...

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Look at your cash balance report daily

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,...

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Creating a budget using financial reports

Creating a budget using financial reports

In our last article, we highlighted three ways to analyze financial reports. As we discussed,documents including the income statement and key performance indicators (KPIs) such ascurrent ratio and quick ratio can give you valuable insight into what’s going on in...

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3 tips to improve your Accounts Payable

3 tips to improve your Accounts Payable

Examining A/P is very important right now as credit starts to freeze Cash is always king when it comes to the accounting of your small business, but especially right now. Nearly daily the headlines are filled with concerns about credit seizing up for smaller companies...

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