Below you will find a few of our favorite blog posts that are related to bookkeeping and small business financial management. Feel free to visit each post. We hope you find them as informative and helpful as we do!
By: Lisa Davis for Liquid
Besides accounts payable and accounts receivable, there are other factors affecting your business’s cash flow. Inventory as well as the company’s credit policies will also influence the flow of cash in and out of a business. To reduce cash flow gaps and improve business, it’s important for small businesses to understand all aspects of the cash flow equation.
By: Richard White for Tweak Your Biz
When a business has a budgeting system in place, the company is better prepared to forecast cash flow, identify opportunities for growth, and measure the company’s progress. As we near the end of the year, it’s time for businesses to start thinking ahead to building next year’s budget. Here are six steps your business can follow to help get you through the budgeting process.
By: Donna Marie Thompson for The Huffington Post
With October drawing to a close, many business owners are shifting their attention to year-end bonuses, 2013 taxes, and the upcoming 2014 budget. While it’s easy to let the remainder of the year slip away, it’s important to remain focused on closing a successful fourth quarter. Q4 is a time for businesses to review their current expenditures to see if there are any corners to be cut. A review of both accounts receivable and accounts payable is also in order. Tying up any loose ends helps to save money and boost profits before the end of the fiscal year.
By: Stephanie Taylor Christensen for Intuit
If you’ve gotten this far into 2013 without any real budgetary surprises, then your company has done a great job of staying on top of its finances. However, limitations in the budget can sometimes mean limitations on business processes or growth opportunities. Here are a few ideas to help businesses with small budgets to get the most out of their limited resources.