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Salt Lake City Bookkeeping Blog

How to Use Divestment to Downsize Business Interests or Assets

Posted by Leanne Armstrong on Oct 31, 2018 9:00:00 AM

The process of reducing business assets or selling off all or part of your company is known as divestment or divestiture. Business divestment effectively downsizes or eliminates your interest in your company and the property it owns.

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Topics: Business Divestment, Exit Planning, Growth Coach, Financial Forecasting, Cash Flow Management

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.

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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.

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

How To Hire Without Money

Posted by Matt Roberge on Sep 27, 2017 9:00:00 AM

If you intend to grow a successful business, you will most likely have to hire employees at some point. This is not to say that you can't have a successful business without employees, but you will definitely reach the limit of what you can handle by yourself.

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

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.

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

Your Small Business Has Overdue Accounts? Try These 5 Tips To Collect

Posted by Leanne Armstrong on Dec 23, 2016 9:00:00 AM

Money owing from customers in the form of accounts receivable is one of the biggest contributors to your company’s cash flow. While business success hinges on having positive cash flow activity - where there’s more money coming in than there is going out - the money that flows into your business can’t really be counted as income until it becomes cash-in-hand.

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Topics: Accounts Receivable, QuickBooks Accounts Receivable, Cash Flow Management, Growth Coach

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.

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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. 

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

How Do I Get Accurate Financial Reports For My Small Business Faster?

Posted by Matt Roberge on Feb 4, 2016 8:00:00 AM

From a financial perspective, I would say that the number one issue for small businesses is having access to accurate financial information when they need it. Many new prospects tell us that they don't feel as though their financial reporting is accurate and they don't look at reports often enough. So how do you get accurate financial reports for your small business in a timely manner?

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Topics: Cash Flow Management, Financial Reports, Financial Reporting, Outsourced Bookkeeping, Daily Bookkeeping,

Why You Struggle To Understand Bookkeeping And What You Can Do

Posted by Matt Roberge on Jan 19, 2016 8:45:00 AM

I had a really interesting conversation with one of my advisors from the Goldman Sachs 10,000 Small Businesses Program yesterday. He was astounded by how many small businesses don't understand their bookkeeping and dismayed by those who see no value in it. We commiserated over the many successful small businesses who don't have an adequate bookkeeping system in place to understand their current situation. They don't even know the status of their accounts receivable (AR), accounts payable (AP), or cash flow.

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Topics: Cash Flow Management, Small Business Bookkeeping, Grow Your Business, Value-added Bookkeeping, Bookkeeping System, Growth Coach