Browse through all the posts from the most recent to the oldest and enjoy all the content.
Instead of viewing bookkeeping as a dull chore, think of it as a game plan for your finances. By gathering clear information about what’s coming in and what’s going out, you make confident decisions.
Proper bookkeeping systems created by accountants provide insight into HOW your business is doing. An accountant will interpret this information to provide you with data to make informed business decisions. Accounting takes the guesswork out of the question, “So how’s business?”
Business owners tell me, “It’s always the same. Every time I hire a new bookkeeper, all they want to do is organize my files and ask me questions about how I want a bill “coded.” I don’t even know what that means!”
The three sections of the cash flow statement are operating, investing, and financing. There are two methods to use when preparing your cash flow statement: direct and indirect.
There are three major cash flow activities in each business. These consist of Operating, Financing, and Investing.
The mistakes we make with our cash flow, both in business and in our personal lives, have more to do with how we FEEL about money than they do about how we THINK about money.
Having the right CFO for you, yes, I said the right CFO for YOU, can get quiet and calm into all the noise that a small business owner faces every day.
The statement “Are we there yet?” reminded me of so many business owners I’ve known over the years, particularly when on the eve of a large project.
A client called me with their ideas for a new product line along with the statement, “We are going to sell widgets to all the widget providers, and we aren’t going to focus on the direct sale anymore.”
How can you make effective, informed decisions without knowing your numbers?
