For some entrepreneurs, putting together your financial statements can seem like busywork. You have a business to run, so can’t your accountant just whip up what you need and send it off wherever it needs to go? Theoretically, sure. But Read more…
Ideally, as a small business owner, you’ll know a lot about your company’s financials. But no matter how much time you spend deep in the books, there are some cash flow questions that you should absolutely be able to answer. Read more…
However, profit’s a deceptive metric for success that often only gives you part of the picture. For example, sales are recorded on a profit and loss statement, regardless of whether the customer has paid for them yet. While profit is Read more…
This article details the best business credit cards in Canada. To see the best business credit cards in the United States, click here. Looking for a credit card for your business? The research process for finding the best business credit Read more…
Although we are over a month into 2020, this is about the time when most people give up on their resolutions. According to U.S. News & World Report 80% of New Year resolutions fail by February. Are you still on Read more…
While you know that the financial health of your business is important, it’s actually a pretty difficult topic to discuss. Business financial health involves all sorts of accounting and financial terms, which don’t always roll off the tips of everyone’s 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 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 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 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 Read more…