82% of business closures can be attributed to inadequate cash management. And with small business and medium sized business reprsenting 99.9% (is this a soap commercial?) of all businesses in the US and Canada there is a big need for controller services. Business are calling out for these services whether they know what to call […]
THE UNTAPPED OPPORTUNITY OF OUTSOURCED CONTROLLER SERVICES Read More »
Not sure what type of forecast will bring your business the most value to your business? In this article we take a look at the difference and benefits of short and long-term forecasting If you’re interested in building your own cash flow forecasts check out our free guide + template. For now we’re going to
SHORT VS. LONG TERM CASH FLOW FORECASTING Read More »
In this guide we’ll show how you can use Xero’s built in short term cash flow forecasting tool to start making better business decisions. Short term cash flow forecasting is a great tool for keeping track of upcoming payments and receivables. After reading this guide you’ll be able to use Xero’s built in tool, and
WHAT IS XERO’S CASH FLOW FORECAST TOOL AND SHOULD YOU USE IT? Read More »
Owners of small and medium-sized businesses face a range of challenges that require diverse skills to overcome. While entrepreneurs have the expertise to run their business, they may not necessarily have the financial know-how to optimize their company’s financial performance. After all if they did, they probably would have started their own financial or accounting practice.
HIRING A FRACTIONAL CFO: SAVE TIME AND SOLVE FINANCIAL PROBLEMS 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
How Much Cash Should a Business Have on Hand? Read More »
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
THE 10 BEST CASH FLOW APPS FOR SMALL BUSINESSES Read More »
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,
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Are you creating cash flow forecasts using spreadsheets? Do you know how much time it’s taking you to build and maintain each one? What if there was an easier and quicker way… https://www.youtube.com/watch?v=zM7CVpDg8ts&t=4s Let’s start by looking at the different steps and how long each takes in spreadsheets and then in Helm: 1. Preparing
HELM VS. SPREADSHEETS: HOW TO SAVE 10HRS A MONTH WITH HELM Read More »
Despite how it may feel, a negative cash flow is not a death sentence. But, lets not sugar coat it – its far from ideal , and something you should take seriously. Thankfully, with the right procedures in place you can improve your cash flow. On the Agenda: Understanding Negative Cash Flow Is Negative Cash
WHAT TO DO IF YOUR BUSINESS HAS A NEGATIVE CASH FLOW Read More »
Thank you to everyone who joined us for The Advisor Year-End Camp on November 30, 2022, and to our amazing speakers Nick Sinclair, Jenny Blake, and Nicholas Marston, CPA! (plus our very own Kelvin Gieck) You can now watch full recordings of each session below! We hope you found these sessions valuable and engaging, and wish you a
RECAP: THE ADVISOR’S YEAR-END PREP CAMP Read More »
