The average small business owner might not be as familiar with cash flow as they should. However, if you’ve got an awesome accountant and/or bookkeeper on your side, they can wax poetic on the virtues of a good cash flow projection. Once a business starts forecasting cash flow, they’re quickly Read more…
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…
It may be the New Year – but there are plenty of things that stay the same no matter the date on the calendar. Foremost among those? The importance of cash flow management. Keeping tabs on your business’s cash flow and taking steps to be cash flow positive. If you 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…
Just as the average small business may not fully understand cash flow, many small to medium-sized accounting firms fall into the trap of thinking that small business clients are focused more on price than value. Mark Wickersham, author of Effective Pricing for Accountants, argues that if a small to medium-sized enterprise 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…
