Insights

3
Jul

5 Things to Consider When Preparing the Annual Budget for Your Company

5 Things to Consider When Preparing the Annual Budget for Your Company As a business owner or financial manager, it is imperative to understand how to prepare an annual budget for a company. Small and medium-sized companies often overlook budgeting optimization, but having a comprehensive budget will help you make important business decisions. If you are considering structuring a budget,
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30
Jun

How to Build a Strategy for Business Success

To be able to set up, develop and grow a successful business – regardless of the industry – a good business strategy is vital. While a good business strategy defines who you are as a business and where you want to be heading, it isn’t the same as a business plan. What’s the Difference between a Business Plan and a
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29
Jun

6 Ways to Forecast for Irregular Cash Flow

The ability to accurately forecast irregular cash flow is essential to any business. If a business runs out of cash and becomes insolvent, it won’t be long before the business fails. Therefore, it is essential that every business develop a cash flow forecast to make sure they always have enough cash. A good cash flow forecast can help a business
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28
Jun

13 Cash Handling Problems and Mistakes That are Affecting Your Bottom Line

27
Jun

Common Business Problems and Solutions for CFOs

Chief financial officers (CFO) today have a wide range of important responsibilities. Being in charge of the finance department means handling a business`s finances and security, but also includes other responsibilities such as personnel management and general management. There are a number of common business problems – and solutions for a CFO. You might think that the issues that affect
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26
Jun

4 Important Things to Consider Before Taking on Your Business’s Accounting

As a new business owner, growing your business and saving money are likely two of your top priorities. Unfortunately, these two goals often conflict with each other. That’s why business owners try to wear all the hats their company needs. They become not only the founder of their business, but also the marketing team, the web designer, the salesperson and

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25
Jun

20 Basic Accounting Terms that Every Business Owner Should Know

Like other business niches, accounting has its own language and terminology. Accounting terms deal with the financial aspect of an organization; these are important to help run your business Effective communications are particularly important when it concerns the finances of the organization. The knowledge of basic accounting terminology will ease communications with the accounting department, even if it has been

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23
Jun

Creating a Financial Forecast Business Plan

Most business owners would agree that budgeting and financial forecasting in business are two of their least favourite tasks, but they are necessary ones. Without a clear picture of your business finances, it is difficult to know what you have on hand and what you can reserve for the future. It’s not just about the budget though. In order to

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21
Jun

5 Business Budget Planning Tips to Reduce Your Cash Flow Deficit

Talk to any business owner about their number one financial issue and they will likely answer “getting a handle on my cash flow.” The definition of cash flow in business is the money that comes into and that goes out of a company. A cash flow deficit occurs when more money flows out of a business than flows in. Cash

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19
Jun

Bookkeeping Services for Small Business: What are the Costs?

Most small business owners manage their accounting duties independently as they develop and establish their operations. Businesses require accurate bookkeeping services to succeed in the ever-changing economy. So what are bookkeeping services and why are they necessary for small business success?

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