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Category: Cash Flow

Categories / Bookkeeping, Cash Flow On Feb 04, 2019

Barry, owner of an electrical contracting business, was frowning at the reports on his desk. His eyes narrowed as he looked up at me. “When we talked a week ago, you told me last month’s income was the best month of the year so far,” he said. “But when I run the reports, it looks …

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Categories / Cash Flow, Payroll On Oct 11, 2018

Lauren glanced up from her paper-strewn desk. Her forehead was furrowed, and her lips were pulled into a thin line. I’ve seen this look a lot on small business owners. Her digital marketing firm was six years old, and she had 12 employees. The company was doing well. But… It Was Time for Me to …

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Categories / Bookkeeping, Cash Flow, Payroll, Time Tracking On Apr 19, 2018

The owner of a marketing communications business—let’s call her Christine—was sitting across from me. She cradled her head in her left hand and sighed. Then she looked over at me with large, pleading eyes and said, “My people have never been busier. But in the 10 years I’ve led this company, never have I struggled …

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Categories / Budgeting, Cash Flow On Jan 01, 2018

It’s a brand-new year, full of promise and potential. I hope you’re rolling up your sleeves to improve cash flow in 2018. Wait, that wasn’t one of your new year’s resolutions? Your 2018 budget isn’t in place? Don’t despair, it’s not too late. The best way to begin is by calculating your monthly break-even point. …

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Categories / Bookkeeping, Budgeting, Cash Flow On Dec 04, 2017

You know you’re an accountant when—during the turkey dinner, holiday shopping, and assorted festivities—your brain turns to budgeting. That’s on my mind a lot right now, as our firm guides clients through exercises and calculations to give them a detailed forecast of revenue and expenses for next year. Does the thought of creating budgets leave …

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