News & Resources
Important Non-Financial Performance Metrics
Your business relies on financial metrics to determine the success or failure of a campaign, product, or service. It provides you with insights into the effectiveness of your strategy. The data you gather enables you to determine patterns you can leverage to gain a...
Advantages of a Bank Reconciliation Statement
All the financial statements of your business are valuable. Each one provides you with a different angle of your company’s financial situation. One document you shouldn’t overlook is your company’s bank reconciliation statement. The latter makes sure your accounts are...
Challenges in Collecting Accounts Receivables
Not all revenue you earn is immediately cash. Accounts receivable is revenue; however, unless you collect from a customer, it won’t be cash you can use for investments or operations. One of the problems you might encounter is collection of receivables. Some customers...
Collect Accounts Receivable Faster with these Tips
Accounts receivables are considered part of your business’ revenue. However, it’s not yet cash because a customer has yet to pay it. If the delay in payment is too long, your business might encounter cash flow problems even if it’s generating revenue. Collecting...
What are the Different Budgeting Methods?
Running a business requires funding from different sources. Some owners make the mistake of spending too much money for little to no returns. They think they have enough cash to cover daily operations and take on projects that allow their company to grow. However,...
Cash Flow 101: Direct Vs. Indirect Forecasting
The way you manage your business’ cash flow has a positive or negative effect on your resources, profitability, and growth potential. If you mismanage your cash flow, your company won’t have enough resources to develop new products or improve customer service, will be...
Factors that Affect Your Business Budget
Creating a business budget involves your company’s entire team. Everyone makes a pitch about strategies to implement and campaigns to launch. All these need resources you need to distribute effectively to realize their potential. Negative and positive factors...
The Importance of Cash Flow Forecasting
Your business’ cash flow determines its trajectory. Poor cash flow constricts or halts your company’s growth. It’s important to monitor cash inflows and outflows so that your business remains profitable. One way to achieve this goal effectively is to conduct cash flow...
Tips on Improving Your Business Budget
Your business needs all the resources you can give it so that it can reach its full potential. You’ll need to maximize your resources and increase revenue without sacrificing product and service quality. One way to achieve this is to create and follow a business...