Category: Cash Manager

  • How does a business line of credit work?

    How does a business line of credit work?

    A business line of credit can be very effective in funding the growth of your small business or in riding through uneven cash flow periods. However, a business line of credit (LOC) is not for everyone and should not be entered lightly. What is a business line of credit? A business line of credit is […]

  • Using Financial Statements to Grow Your Business.

    Using Financial Statements to Grow Your Business.

    There is a lot of focus on having clean financial statements to understand your business’s performance and have your tax returns prepared at the end of the year. However, there’s more value that business owners can gain out of having clean, up-to-date financial statements. Understanding income statements and balance sheets are a necessary function of […]

  • What is the difference between sales revenue and cash flow?

    What is the difference between sales revenue and cash flow?

    Sales revenue and cash flow are often mistaken for each other or incorrectly used. Revenue is the measurement of your business’s sales and marketing efforts. Cash flow is the activity of cash that comes into and goes out of your business during a specific period. Revenue is essentially money coming into the business and does not […]

  • Options for small business lending

    Options for small business lending

    Lending options for small businesses come in a variety of shapes and sizes. Lending sources are used to fund an expanding business or provide financial assistance to a struggling one. While gaining access to funds can help run and manage your business, challenges can arise when small businesses look to lenders and other sources for […]

  • What is working capital and how to calculate it

    What is working capital and how to calculate it

    Many indicators represent the health of a business. Working capital joins the ranks of income statements and balance sheets to determine the company’s financial status. The absence or lack of working capital affects its ability to invest in itself, its employees, technology, and continued growth. What is working capital? Working capital, also known as net […]

  • What happens to your business if you don’t do any bookkeeping?

    What happens to your business if you don’t do any bookkeeping?

    The dangers of not doing bookkeeping stretch far beyond the financial impact on your business. If you don’t do any bookkeeping, or just for the sake of argument, you do some bookkeeping; you are running your business with blinders on. The absence of a clear understanding of your business’s financial health can seriously affect decision-making […]

  • What is cash flow?

    What is cash flow?

    Cash flow is often misunderstood yet is critical to the success of any business. Cash flow issues are one of the most significant challenges small business owners face. 4 out of 5 businesses are likely to fail due to poor cash management. What is cash flow?   Understanding your small business’s cash flow is one […]

  • Why Should I Track My Business Expenses?

    Why Should I Track My Business Expenses?

    Understanding business spending, specifically business expenses, can help the business owner monitor and predict costs looming in the near future. Business expenses should be tracked through your financial accounting system and reviewed monthly as part of your income statement. Creating the habit of tracking your expenses makes for a clear understanding of your business spending, […]

  • Why your bookkeeping practice needs an automated solution

    Why your bookkeeping practice needs an automated solution

    Today, most bookkeeping is performed by humans, but with the advent of AI (Artificial Intelligence) and RPA (Robotic Process Automation), the future of bookkeeping is changing very quickly. Computers are taught how to perform bookkeeping tasks, …and they do them quickly and without error. Oh, and it is incredibly secure. Automated bookkeepers can now “read” bills and […]

  • The art of remote out-of-office bookkeeping

    The art of remote out-of-office bookkeeping

    Businesses of all sizes are learning how to function in an out-of-office structure during this pandemic. The challenges include the following to name a few: Maintaining current clients Acquisition of new accounts and business Keeping a healthy cash flow Functioning remotely, including sales, service, marketing, and accounting. Few companies are prepared to migrate their employees […]