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QuickBooks Tips Blog

Video QuickBooks Tip: Using QuickBooks To Manage Cash Flow

Posted by Matt Roberge on Sep 19, 2012 7:28:00 AM

QuickBooks can be a valuable tool for any small business to help manage cash flow by customizing a few settings.  If you use QuickBooks to manage your cash flow you will not only know your current bank account balance, but you will also have a snapshot of what your bank balance looks like in the future.  Watch this video for some instructions on using QuickBooks to help manage your cash flow:

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Topics: QuickBooks advice, Cash Flow Management, cash flow forecasting, QuickBooks, QuickBooks Blog, QuickBooks Tips, QuickBooks Consultant, QuickBooks Customization, QuickBooks Video Tips

QuickBooks Tip: Dealing with your Accounts Receivable

Posted by Joe Mazur on Jul 27, 2011 7:36:00 AM

When reviewing financials with clients, they sometimes look at their Profit & Loss and almost immediately ask "Well, if I made $40,000 this year, where is it?"  Business owners usually assume that if they made money it should be in their bank account.  If it's not in the bank account, it can be because of a few different reasons.   If they are paying off loans, a line of credit, a large credit card balance from a prior time period, or some other liability the money generated from the profit is usually allocated to these Balance Sheet items.  If the business does not have any liabilities, it could be due to Equity Draws by the owners.  Well if it's not Equity Draws or paying down liabilities, then where is it?  It is most likely tied to your Accounts Receivable balance.  This is the balance that customers owe the business for the purchase of their product or service.

Accounts Receivable Reporting

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Topics: Cash Flow Management, cash flow forecasting, revenue streams, QuickBooks, Efficient Bookkeeping, Year End Accounting, Year End Bookkeeping

QuickBooks as a Cash Flow Tool

Posted by Matt Roberge on May 27, 2010 7:53:00 AM

Having a handle on cash flow should be a major priority of any small business owner.  Business owners are always looking for ways to improve and calculate cash flow.  A great way to avoid cash flow problems is to forecast and manage your businesses financials constantly.

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