<img height="1" width="1" src="https://www.facebook.com/tr?id=1168427849921758&amp;ev=PageView &amp;noscript=1">

Salt Lake City Bookkeeping Blog

Accounts Payable Practices That Actually Save Money

Posted by Leanne Armstrong on Oct 10, 2018 9:00:00 AM

Money moves in and out of every small business, so managing cash flow is essential. You may not be able to avoid the expense side of the cash flow equation, but following a solid accounts payable process will keep business costs under control and may even save you some money. Let’s look at a few proven ways to plug potential holes in your accounts payable practices.

Read More

Topics: Accounts Payable, paying bills, Cash Flow

5 Financial Warning Signs to Watch Out For

Posted by Leanne Armstrong on Aug 1, 2018 9:00:00 AM

Your company’s financial reports provide important clues about the monetary health of your business. Some of these clues manifest as financial warning signs. Becoming more familiar with your company’s financial statements not only helps you recognize many red flags, it lets you use them to make decisions that will divert trouble down the road. Here are 5 common financial warning signs to watch out for.

Read More

Topics: Growth Coach, Small Business Growth, Cash Flow, Business Budgeting

How to Manage Your Petty Cash Fund

Posted by Leanne Armstrong on May 23, 2018 9:00:00 AM

There are some business purchases – think coffee runs, staff birthday cards, and one-off postage costs for example – where it’s impractical to pay by credit card or check. As a matter of fact, it was smaller business expenditures like these that first gave rise to the term petty cash! And they’re still the reason why most companies find it useful to keep funds on hand for minor, last-minute, or cash-only expenses.

Read More

Topics: Cash Flow, Outsourced Bookkeeping, Bookkeeping Procedures

5 Tips to Ramp Up Your Short-Term Cash Flow

Posted by Leanne Armstrong on Mar 21, 2018 9:00:00 AM

Maintaining a positive short-term cash flow position – one where the revenues from selling your product or service are greater than your expenses for things like rent, salaries, and supplies - is critical if you want your company to succeed.

Read More

Topics: Cash Flow, QuickBooks Cash Flow, cash flow forecasting, Cash Flow Management

How Liquidity Ratios Help You Understand Your Cash Position

Posted by Leanne Armstrong on Jan 17, 2018 9:00:00 AM

Carrying out a liquidity analysis of your business will help you to better understand your cash position. And that’s important. Because the more favorable a cash position you maintain, the better your outlook for continued success.

Read More

Topics: Financial Forecasting, Cash Flow Management, Cash Flow, Growth Coach

Need Cash? How to Choose Between a Small Business Loan and a Line of Credit

Posted by Leanne Armstrong on Oct 25, 2017 9:00:00 AM

Business loans and lines of credit (LOCs) are valuable sources of capital for your small business. Both offer access to funds that can help your company get going, or get bigger. Either may do away with the need to approach independent investors.

Read More

Topics: business credit, Grow Your Business, Growth Coach, Cash Flow

How to Track Cash Flow from Business Operations

Posted by Joe Mazur on Feb 3, 2017 9:00:00 AM

Determining operating business cash flow helps you distinguish how much money your business makes from customers and operating activities, such as selling products and services, from money made from financing or investing. Calculating your operating business cash flow helps you manage your money and ensures you have enough funds from customers to cover operating expenses and costs.

Read More

Topics: cash flow from operations, Cash Flow Management, Cash Flow

Cash Flow: The Secret Small Business Killer

Posted by Matt Roberge on May 10, 2016 8:30:00 AM

Properly managing your small business cash flow is critical if you want to succeed. Even if you are just a startup with no revenues, but you have raised money, cash flow is still incredibly important.

Read More

Topics: Cash Flow Management, Accounts Receivable, cash flow forecasting, Financial Forecasting, Cash Flow

The Best Way To Understand Future Cash Flow

Posted by Matt Roberge on Apr 21, 2016 8:30:00 AM

An inability to manage cash flow can kill a small business. One of the biggest reasons for small business failure is a lack of cash flow management. 

Read More

Topics: Cash Flow Management, QuickBooks Cash Flow, Financial Forecasting, Cash Flow

Does Cash in the Bank Mean You're Turning a Profit?

Posted by Austin Walker on Mar 17, 2016 8:30:00 AM

Is your business profitable? If you’re pointing enthusiastically to the balance in your bank account, and nodding your head "Yes," you may be in for a big surprise. The fact of the matter is that cash in your account doesn’t necessarily translate into profit in your pocket. Why? Because the money you have on hand today doesn’t always reflect the payments coming due tomorrow.

Read More

Topics: Bookkeeping, Cash Flow, Small Business