Managing cash flow can be a challenge, especially for small business owners. In this article, we’ll take a look at 7 ways to improve cash flow management. How to improve your business’s cash flow: 1. Accurate and consistent bookkeeping Like with everything it’s good idea to start with the fundamentals before moving to more drastic, …
When it comes to managing the finances of a small business, there are many factors to consider. One of the most important decisions a business owner makes is the hiring of accounting and bookkeeping services to assist with business finances. While both professionals can be instrumental in ensuring the financial success of your business, there …
Should You Hire a Bookkeeper or an Accountant (or Both?) Read More »
For any business, keeping track of cash flow is essential. Two important tools that businesses use to keep track of cash flow are cash flow statements and cash flow forecasts, but there’s often some confusion and misconceptions surrounding the two. In this blog, we will compare and contrast these two tools and discuss how they …
What’s the Difference Between a Cash Flow Statement 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 …
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 …
THE BEST CASH FLOW FORECASTING SOFTWARE FOR XERO USERS Read More »
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 »
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 …
