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Cash flow is the lifeblood of any business, but it is especially crucial for service-based businesses where inventory management and physical products don’t come into play. In these types of businesses, where services are rendered before or after payment, keeping… Read More
Posts Tagged ‘cash flow’
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Breaking Down the Order of Financial Statements
Last week we outlined the four primary types of financial statements. These statements include the cash flow statement, the balance sheet, income statement, and the statement of retained earnings. These statements are essential for assessing the current state of your… Read More
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The 4 Types of Financial Statements
Every business utilizes financial statements to get a snapshot of the financial health of their company. Without financial statements, you wouldn’t be able to monitor revenue, project future finances, or keep your business on track for strong earnings. These financial… Read More
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What 3 Small Business Analytics Can Tell You About Your Finances
Keeping track of your small business financials can become overwhelming. You must remain on top of every rise and fall in finances to make sure that your business can access all that it needs, and that all of your bills… Read More
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3 Tips For Getting Clients To Pay On Time
Many companies have to deal with late paying or non-paying clients and have a difficult time dealing with the repercussions. Late client payments not only throw off a company’s accounting, but it can also result in major stability problems. In… Read More
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3 Common Cash Flow Problems and Solutions
All entrepreneurs have a fear of having cash flow problems, as they rely on the money coming into their business to have a paycheck and stay in business. A lack of finances is the second biggest reason that businesses fail,… Read More
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Cash Flow Statement: The Difference Between The Direct and Indirect Method
A cash flow statement is a very important financial report that helps determine your business’s success. The statement shows how changes in balance sheet accounts and income affect cash, allowing you to see cash flowing in and out of your… Read More