Next year promises unpredictable economies and potentially unsavory performance. Both of which mean sound business fundamentals and cash management are on everyone’s mind. What better time to think about getting your business in order than when creating the budget...
People think they can plug their QBO or Xero into a financial dashboard app and BAM! It's magically going to give them all the answers to run their business. The true value of dashboarding is to visually display KPIs (Key Performance Indicators)...meaning agency...
Companies need up-to-date financial records and a strong team to succeed. Yes, for all of the typical reasons. Reasons like a solid foundation, good cash flow, and proper tax planning. But it’s more than these. Sound records and reporting are vital to all internal...
Accounts receivable (A/R) is an important part of any business relying on invoicing as a primary revenue. Your business provides services, invoices clients, and collects (receives) those invoiced funds. Accounts receivable management is made up of the systems,...
Did you know.... cash management is a TEAM sport? Your entire cash management system, or ecosystem really, includes: All departments of your operation (aka the people) The tools you use to manage cash The system and/or infrastructure you use to ensure things run...
Who’s that one employee you can’t afford to lose? Recently, a client said she could never lose a key employee because he “knows and does everything.” After spending several months working with the company, it was clear why this team member was so “irreplaceable.”...
How’s time spent in your business? Many owners do the work, take a glance at cash flow statements prepared by their bookkeeper, and keep moving. A simple plan is often the most effective, especially for fast-moving industries (like agencies and consulting firms)....
A top of mind question for entrepreneurs today is how to increase cash flow. Read this post to learn how to get paid fast.
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