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3 Smarter Accounting Moves To Boost Cash Flow In 2020
I recently shared three smart moves a business owner can take in 2020 to boost cash. Well, you know what? I’m not done— and these moves might be even smarter than the ones before. If you’re running a business, here’s what you can do to increase your cash flow. Move #4: Make It Easy For... Read More
3 Smart Accounting Moves That Will Boost Your Cash In 2020
Move #1: Stop Monkeying With Your Suppliers Whenever some financial expert advises me to “use your suppliers for financing” I cringe. Why would anyone do that? Sure, it’s probably easier to extend payments with your suppliers rather than, say, increase your line of credit with your bank. But your suppliers are your most important partners.... Read More
How CPAs Can Benefit From ERP Software
If you’re a CPA, you know how important it is to build trust between you and your clients. After all, you’re not just a financial advisor. You’re a business advisor. That means your clients look to you for help beyond tax season. They seek your advice and guidance about technology, growth strategy, and staying competitive. At least,... Read More
How to Prepare Your Small Business for a Recession
Warning signs of another recession are looming. If you run or manage a small to midsize business, you’re probably wondering what that could mean for your future. How can your business brave the uncertainty of another economic downturn? Rather than panic, prepare. As reported by Small Business Trends, 44% of small business owners have not... Read More
How Small Businesses Can Maintain Cash Flow
If you run or manage a small business, there’s a lot about accounting that’s in your control: payroll and taxes are just a few. But when it comes to how you maintain cash flow, you’re probably relying on payments from customers. More than we’d like to admit, those customer payments often come in late. And... Read More
How to Increase Your Project Profitability
The eternal struggle: finishing projects on time, within budget, and making sure they’re profitable. Even with project management software, a skilled manager, and a dynamite team all working within carefully structured tasks and deadlines, there are always obstacles. Scopes change. Orders change. Members of your project team get sick and miss work. No matter what... Read More