Why do we struggle writing payment request emails? Asking for payment or money in any scenario can feel awkward – especially when its overdue. In this article, we’ll take a look at how to effectively and professionally ask for payment on overdue invoices, best practices to follow when sending payment request emails, how to prevent …
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Budgeting vs. Financial Forecasting: An Overview Budgeting and cash flow forecasting are both critical aspects of financial planning for individuals and businesses. While they may seem similar, they serve different purposes and require different approaches. In this article, we will discuss the differences between a budget and a cash flow forecast. A peak inside: High …
What’s the difference between a budget and a cash flow forecast? Read More »
Providing cash flow forecasts and cash management for your clients is a great way to increase your value to clients, and help their business. But only if you can do it a timely, and accurate manner. That’s where cash flow software comes in. If you’re a bookkeeper, or someone who is already extremely familiar with …
There’re over 1.19 million small businesses (1-100 employees) representing 97.9% of all employer businesses in Canada. Just south of the border, there are 32.5 million small businesses in the USA accounting for 99.9% of all US based businesses! Small Business Statistics Not only do small business represent by far the largest proportion of business, they …
Looking for a crystal ball? Would you settle for 3-5 year financial and strategic planning? A 3-way forecast may be just what your looking for. On the agenda Why should I create a 3-way forecast? What is a 3-way forecast? The 3 components of a 3-way forecast Why is a 3-way forecast important for businesses? …
Make the most of Xero with the best cash flow forecasting and management apps. A peak inside: What is a cash flow forecast A look at Xero’s built in cash flow tool The best cash flow tool for Xero users Additional resources to make the most of Xero and your tech stack What is a …
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What is a controller anyway? In this article, we’ll break down the key differences between bookkeepers, controllers, and CFOs and compare their responsibilities. Plus take a look at average salaries, and when businesses should hire each. A peak inside: What does a bookkeeper do? What does a controller do? What does a CFO do? Bookkeeper vs …
WHAT’S THE DIFFERENCE BETWEEN BOOKKEEPERS, CONTROLLERS AND CFO’S? Read More »
A common question we see is: “How much cash should a business have on hand?” While no one can give a definitive catch-all answer for how much cash to keep on hand, there are guidelines that vary with industry, stage a business is in, financial resources, past expenditures and business goals. In general: Businesses should …
Cash is king for any business. Today, we’ll be looking at 10 of the top cash flow forecasting and management apps on the market. For each one you’ll find some key features, drawbacks and the latest pricing We’ll be highlighting tools with a range of pricing and feature sets to help you find the best …
If you’re facing uncertainty surrounding your cash balance, looking to spend less time in spreadsheets, and improve your financial management you may want to consider implementing cash flow management software What is Cash Flow Management Software Cash flow management software is designed to manage all the in and outflows of cash through your business. Generally, …