| Two other reports to review on a weekly basis are to insure that your bills are being paid in a timely manner (Accounts Payable) and that you’re receiving money due you in a timely manner (Accounts Receivable). Accounts Payable Accounts payable reports will show you what you owe to other people and if you are [...] I’ve never seen a report confuse entrepreneurs as much as a balance sheet. Yet this is a critical report about the health of your company. Cash flow is the queen of your business. Your balance sheet is your foundation. Basically, the balance sheet tells you how much you owe and how much you have invested [...] According to a report by a US bank, 82% of businesses that fail do so because of poor cash flow management skills or poor understanding of cash flow. Cash flow problems apply to small business as much as they do to big business. At least once a month I meet someone who doesn’t understand where [...] In order to boost small business profitability, you need to be able to read your financial reports. And one of the concepts that trips up a great number of small business owners is the difference between cash and accrual accounting. The difference between accrual and cash accounting has to do with timing. When using the [...] Business women need to pay closer to their finances with the new economic realities. Sales cycles have become longer and cash reserves are more important. It’s important to learn how to control expenses. What are five ways you can reduce expenses while still retaining key employees and services for your company? Know your business goals, [...] | 
 |
Copyright © 2012 Wise Woman Shining - All Rights Reserved Website by The Web Mechanic  | ||
