Mark’s technology company was hiring like crazy. Their growth was through the roof. Then the penny dropped. It seemed like it came out of nowhere. A few key clients were late paying their invoices. Suddenly, money was leaving the company faster than it was coming in. Monitoring his cash flow Read more…
Here at Forwardly , we wanted to know too. So, we did a little digging. Because there are so many factors that affect the success of any business, we wanted to be as objective as possible, which is why we’ve listed the businesses below in alphabetical order. You may also see a Read more…
Every morning at my children’s bus stop, there’s a foolproof way to tell that the bus is about to arrive: When you see a hoard of children running from the park to the bus stop, you know the faithful yellow hardtop is on its way. Is this child’s play or Read more…
A majority of the businesses around the world are small businesses. According to OECD data, the figure is 99%. Another thing they have in common is cash flow problems. Regardless of whether a business is in an advanced economy, emerging area or somewhere in between, cash flow and cash flow basics Read more…
Accounting technology has come a long way since the dawn of time. While it took thousands of years to go from clay tablets to iPads, modern accounting software has evolved at the speed of light. In less than 30 years we’ve moved from early enterprise resource planning (ERP) systems to the Read more…
This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey. This survey of more than 1,000 small business owners includes some positive news and some positively startling observations on what small business owners want from accountants. If, like most of us here at Forwardly, suspense just isn’t your thing, Read more…
At Forwardly, we often talk about how cash flow is the best indicator of your business’s financial health. (And we truly mean often.) But there’s a metric within the bigger umbrella of cash flow that drills down on your survival odds as a company: Free cash flow. Free cash flow lets Read more…
Having the cash on hand at any given time to finance major business operations is tricky. We’re particularly talking about inventory, raw materials, or supplies to drive operations. That’s why trade credit exists: To help you gather the cash needed to pay off those bills over time. Because, yes, although Read more…
By definition, your balance sheet measures your business’s net worth by taking into account assets, liabilities, and equity positions. It literally gives you a snapshot of your financial strength Your balance sheet is part of a trifecta of accounting statements, which also includes your cash flow statement and income statement (P&L). You have a Read more…
Quality equipment play a vital role in your small business success. They make a vital contribution to long-term revenue and profitability. Also, they enable you to enhance the quality of your products so charge and maintain higher prices. Whether you need a hi-tech machine, office furniture, computers, or any other Read more…