Forecasting accounts receivable is a great starting place when building out your cash management process. In this guide we’ll give a brief overview of forecasting accounts receivable, how it helps, and how you can get started with a method called Days Sales Outstanding (DSO). After that we’ll touch on why forecasting accounts receivable should be […]
HOW TO FORECAST ACCOUNTS RECEIVABLE IN 3 SIMPLE STEPS Read More »
Cash flow forecasting gives you more detail and insight on when and how you will be paying and receiving payments. At a high level it alerts you to any cash gaps, so you can take early remedial action. It also helps you see when you’ll have a cash surplus, letting you confidently put your cash
9 ADVANTAGES OF CASH FLOW FORECASTING FOR YOUR BUSINESSES Read More »
Cash is the lifeblood of a business making it essential for owners to track. Calculating burn rate will let you see how quickly your spending money, and how long you can sustain your current level of operations. Already go the basics covered? Jump ahead and access our free template here to start calculating cash burn
HOW TO CALCULATE CASH BURN RATE AND RUNWAY Read More »
In this guide, we’ll start with the basics of what cash flow and cash flow forecasting are, why they’re important for businesses, and how you can get a free template to start forecasting today. Already got the basics covered? Feel free to jump ahead using the linked headers below: What is cash flow? What is
CASH FLOW FORECASTING TEMPLATE: FREE DOWNLOAD & STEP-BY-STEP GUIDE Read More »
In this quick guide we’ll go through how to create and edit forecasts in QBO and discuss strengths and weaknesses of the tool, so you can decided whether or not its right for your business. Does QuickBooks Online have a forecasting tool? Short answer: Yes! Slightly longer answer: Yes, but it might not have all
What is QuickBooks Online’s Forecasting Tool & Should You Use It? Read More »
Many small business owners are facing uncertainty all year round… Unsure whether you have enough cash to pay for wages. Unsure whether you can afford to hire that new team member. Unsure whether you can accept payment on completion for that large project you bidded for. All of these are common questions for a variety
CASE STUDY FORECAST: HELPING RYAN’S DESIGN AGENCY PLAN FOR GROWTH IN HELM Read More »
As long as I keep my business profitable I’ll be fine… Intuitively that checks out, but there’s a little more going on under the hood. https://www.youtube.com/watch?v=88fWfkvu-iQ Did you know 80% of all businesses fail over a 10 year horizon, and 80% of those businesses fail due to cash flow failures. 60% of those businesses that
THE 3 LEVERS OF CASH MANAGEMENT + HOW TO MANAGE THEM Read More »
Last week we hosted the first of our Advisor Roundtable Series. A series designed for advisors to discuss and learn from one other. Shoutout to Michael Eckstein for being our first featured guest, and to everyone else who joined Kelvin in our discussion! If you missed our session, no worries! We’ve got you covered here
DON’T LET CASH FLOW FORECASTING BE A CRUTCH: ROUNDTABLE RECAP Read More »
Guess what… If you’re a bookkeeper reading this, chances are you might already be offering some outsourced controllership services. You just don’t know it (and are likely not charging for it!) You have the technical skills, you have the client’s that need help, so what can you do to transition towards outsourced controllership services? Before
THE ULTIMATE GUIDE FOR BOOKKEEPERS WANTING TO OFFER OUTSOURCED CONTROLLERSHIP SERVICES Read More »
You’ve probably heard the saying… Garbage In = Garbage Out (GIGO) But what does this have to do with accounting, bookkeeping, or forecasting? WATCH: Helm Co-Founder Kelvin Gieck, discuss the importance of high quality data for accurate and useful forecasts here The Importance of High Quality Bookkeeping Data Good data isn’t just about keeping track
2 ESSENTIALS: FOR IMPROVING YOUR BOOKKEEPING DATA Read More »
