Inventory Profits, Impairments and Other Silent Killers of Results
Your business made a profit, but where is the money? Stock that costs more to replace, customers who do not pay, equipment losing value and unexpected expenses can all affect your results. A business can look profitable on paper and still struggle to pay its bills. Understanding these hidden costs helps business owners make better decisions, manage their cash and avoid nasty surprises at year-end.
Cash Flow Forecasting: How to Make Sure Your Business Has Enough Money to Pay Its Bills
A business can make a profit and still run out of money to pay its bills. A cash flow forecast helps you see when money will come in, what needs to be paid and how much will be left in the bank. Learn how to prepare a simple cash flow forecast, plan for upcoming expenses and avoid cash shortages before they become a problem.
A Business Budget Is More Than a Spreadsheet. Are Your Clients Using Theirs?
A business can make a profit and still run out of cash. That is why every small business needs a proper budget. Business accountants can help clients plan for expenses, prepare for tax payments, manage cash flow and avoid running short of money. A budget should not just be prepared once a year. It should be checked every month to see what is working, what is costing too much and where changes are needed.