Some of the toughest parts of business ownership have nothing to do with the products you make or the people you work with – instead, it’s administrative and process issues like invoicing that can affect your business so negatively that it can lead to disaster if you’re not careful.
Do you want your business to work faster, smarter and experience growth in new directions? Well, cloud accounting software may be the best thing you can do. Here you’ll find a rundown on the fundamentals of the cloud, with a focus on giving you a proper overview of the strategies that are being used in […]
Of course you can use Xero to generate a cash flow forecast of sorts – after all, Xero’s core functions are a solid option for many accountants. Where there is room for improvement is the cash flow generation process. It’s complex, and dicey results pulled from historical data that may not reflect an accurate future.
Financial modelling, also called cash flow management or cash flow visualization, is the process of gathering all the relevant financial and business information to build an accurate picture of your current financial status – including cash flow. With a current realistic foundation, businesses and accountants can choose to model out a historical perspective – especially […]
The definition of a cash flow forecast often focuses on an older, more reactive model of financial forecasting. The traditional view of a cash flow forecast describes it as an “…estimate of the timing and amounts of cash inflows and outflows over a specific period (usually one year). A cash flow forecast shows if a […]
The outdated meme of the accountant as cleanup crew at tax time is not only inaccurate but is hurting your business year over year. Far from a one-time touch, industry trends show that the more often you consult with your accountant, the more money you stand to save, and not just on your business tax […]