Understanding how to manage cash flow takes more than just reading a profit and loss. It is not uncommon for a company to show a net profit on their income statement and still find that they are having shortfalls of cash each month. Why is that? Where did the money go if it is not …
Where is your Company positioned in the Cash Flow Arena? Read More »
The COVID-19 stimulus bill, signed this March, sent much needed relief payments to tens of millions of Americans. Now that the money has arrived, the biggest question is how to manage it, pay bills, and ensure it carries through longer than six months. Some news outlets are reporting that we still haven’t seen the worst of the pandemic. What’s it going to …
Right now, the business owners I speak to are panicked. I hear from them that they don’t have control over their financials. Perhaps, they have been delegating bookkeeping to an admin on their team. And when times are good, they don’t worry about reviewing reports. I hear from them that they don’t have control of …
Your Guide to Managing Cash Flow and Holding your CPA Accountable During Tax Season As the April deadline draws closer and closer, you might be having unpleasant flashbacks of tax seasons past. Specifically, you may be remembering the unpleasant surprise of discovering you owe much more than you had anticipated – not to mention the …
I feel very blessed to call this beautiful eight-month-old my granddaughter. I treasure time spent with family, and that makes me even more passionate about what I do. Now you might ask, what does cash flow management have to do with family? Everything! Having well-managed cash flow can help give you time for the most …
It’s easy to lose focus in the summer and to feel like end-of-year concerns and tax season are in the very, very distant future. But here’s something you should think about fitting in between vacations and trips to the pool: a thorough mid-year financial review for your small business. The first thing to establish for …
Mid-Year Financial Review: Incorporating a Look at Cash Flow Read More »