You’ve probably considered business financing to help fund a new project or fulfill large orders. However, you might not know how important cash flow forecasting is in the approval process. The fact is: Cash flow forecasting makes a huge difference to lenders. The more stable your business appears in the present and future, Read more…
You may have cut your teeth working for a firm, or even a boutique shop or partnership. Now, however, you’re considering striking out on your own to offer consulting services in your area of expertise. Parts of consulting can be precarious, sure – but the satisfaction of working for yourself Read more…
Do you remember the last time you tried to get some quick financing for your business? I bet it wasn’t the best of experiences, right? These procedures usually take forever and still give you a less than satisfactory answer in the end. Even when trying multiple sources at a time Read more…
Cash flow mistakes are nothing short of a killer for small businesses. As a financial professional, you know cash flow rules everything, and determines whether your clients are able to pay their vendors and loans. It determines whether they can invest in more inventory or better equipment, make payroll, and more. At Read more…
Small business accountants are becoming more tech savvy. So are the clients they serve. It’s not a perfect transition, but it’s happening. What’s next? As technology solutions have become a must-have instead of a nice-to-have, more small to medium-sized accounting firms and businesses are utilizing the cleverly named SMAC system Read more…
Did you know that the average CEO reads a book a week? That’s 52 books a year. If you want to know more about cash flow, put some or all of these titles on your reading list. The following books focus on the basics of cash flow monitoring, as well as Read more…
The amount of financial jargon you see as an entrepreneur is dizzying. You’ve got to worry about your accounts payable, accounts receivable, cash flow, and more. That’s not even getting into the world of acronyms, such as EBITDA, P&L, and other gems. With so many strange and different words in Read more…
As a kid, few consequences were more frightening than the threat of having something go on your permanent school record. Any slip-up, large or small, could go on this life-determining record. The prospect of a tainted record was all most of us needed to sit up straight, respect our teachers, Read more…
Determining your company’s creditworthiness can feel like looking into a crystal ball. Although you might know some of the basics, it’s important to understand the 5 C’s of credit and how they make all the difference when you apply for business financing. The 5 C’s determine if your company has Read more…
Technology is transforming the landscape of small business accounting. Empowered by the automation and innovation fueled by artificial intelligence (AI), the cloud and blockchain — now, more than ever, accountants are expanding their roles as business advocates and advisors. It’s a trend backed by a 2016 study by the International Federation Read more…