How Cash Flow Forecasting Works

Running out of money isn’t just an indication of poor planning. It’s also one of the major causes of business failure. One of the ways you can improve cash flow management is through cash flow forecasting. The process involves forecasting or estimating a company’s future monetary position and is a core-planning element of a company’s financial […]

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New Year Cash Flow Tips

Cash flow is not only the lifeblood of a business but also key to assuring sufficient cash is on hand to grow your business, cover expenses, and maximize opportunities. It’s important to note that a considerable proportion of cash flow issues arise because owners haven’t spent sufficient time approximating the arrival of different revenue streams and […]

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5 Cash Flow Issues For Small Businesses

Are you experiencing cash flow problems? Don’t let this ruin you.  Cash flow is the money that flows in and out of your business. You typically measure it over set periods for instance, monthly, annually, or quarterly. A large number of small businesses encounter cash flow issues at some point in their dealings. Fortunately, you […]

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How To Spot Items That Cost Too Much At Your Company

Effective pricing could break or make your business. Selling well-established merchandise at a cost similar to competitors is an option for retailers if you wish to attract clients to your business. However, retaining customers frequently implies differentiating yourself on bases besides price. A number of businesses adopt competitive pricing, which denotes the practice of setting […]

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5 Accounting Warning Signs That Your Business Is In Trouble

Waking to a failed business can be very frustrating. However, there are various warning signs of trouble that could help you take the necessary measures before it’s too late. Gaining a better understanding of your business’s financial performance will help you notice developing trends before a crisis takes place. Here are some red flags to […]

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Use Xero’s Tracking Categories for More In-Depth Reporting

May 2015 Use Xero’s Tracking Categories for More In-Depth Reporting Xero offers numerous ways for you to sort and analyze your financial accounts. Tracking categories provide one kind of insightful filtering. Once you’ve spent some time working with Xero, you realize that your paper-and-Excel system was woefully inadequate. Instead of scribbling notes, hunting for documents, […]

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How To Create An Invoice For Your Small Business Client

While invoicing is a significant part of operating a small business, it can be a hassle especially for fledgling startups. This process is essential for small businesses because cash flow is crucial. Small businesses must therefore implement an efficient and accurate invoicing system to ensure they receive payment for the services they provide. You should […]

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5 Little Tricks To Get Clients To Pay Faster

For small businesses, few things are more crucial than prompt payments as delays could disrupt cash flow seriously. Regardless of the type or kind of business you own, timely payments are crucial in meeting accounts-payable deadlines. There are various reasons why businesses don’t get timely payments as they would like, which frequently has no connection […]

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How To Create A Budget For Your Small Business

When you own a small business, a budget can be an important tool for business growth and keep you on track. Budgets provide a road map that guides you from present operations to the ultimate expansion and growth you envisage for the business and facilitate the attainment of these goals. Sustaining a small business and […]

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KPIs – The 3 Most Important KPIs for Small Business Success

A key performance indicator or KPI is a quantifiable measure a business uses to establish its success in meeting the set strategic and operational goals. Therefore, businesses have varied KPIs depending on their priorities or performance criteria. Developing KPIs should be a priority for small business owners; they are a means to measure, track, and […]

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