Learn Tips and Tricks to
Take Control of Your Business Financials
(...and take back your life!)
As individuals, we are often told having a savings account and contributing to it regularly is part of being smart about money. But business owners are not always told about the benefits of having a savings account for their business. As with personal savings accounts, there are pros and cons to having a savings account…
Every business needs to know how much money it’s bringing in, but if you’ve ever told someone how much your business makes, you’ve probably heard this question: Is that revenue or profit? Some people will say gross revenue, but the meaning is essentially the same. High revenues are always impressive, but if your expenses are…
Managing your finances is one of the most important things you can do as a business owner. After all, you’re in business to make money, so why wouldn’t you want to make sure you’re making the most of that money? Unfortunately, a lot of small business owners don’t think beyond paying their bills and making…
It would be nice if keeping track of your business’ financials was as easy as invoicing a client and collecting the money for that invoice, but the truth is there’s much more to it than that. In reality, each transaction for your business goes through an eight-step cycle. I know that sounds like a lot,…
Managing and tracking your cashflow might not be the most exciting part of your business, but it is of the utmost importance if you want to keep your business running smoothly. Cashflow is the lifeblood of any business, and it is especially crucial for small businesses. Without proper management and tracking of cashflow, you risk…