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Entrepreneurs often fall into the trap of overspending and lack the ability of proper cash flow and financial management. The lack of proper budgeting has also been discovered as the leading cause of most failures in most businesses.
When Read more
Your accountant plays an important role in your business’ cash flow success. By this, I mean giving the accountant the full 360 of your business and working together to ensure that your business achieves its financial goals.
As an accountant Read more
Reaching a stage where your business has a strong cash flow can be very motivating, now how do you go about determining your break-even point?
A company’s break-even point is the point at which the total of fixed and Read more
Business can face shortfalls at any time of the year, and during economic recessions; it becomes worse. However, we cannot always blame economic recessions because poor management of cash flow or simply lack of income in a business can Read more
It’s important for new businesses to thoroughly understand that running out of money is one of the primary reasons that most businesses collapse shortly after a launch. Start-ups can avoid being counted amongst the failed businesses statistics by being Read more
A lot of small businesses struggle with juggling between their receivables and payables. It is a constant challenge to get clients’ invoices paid sooner, while paying suppliers and other expenses at the last possible moment.
When your accounts are Read more
You’ve probably heard the name “Cash flow statement” quite often, but what exactly is a cash flow statement and why is it so important?
Well, in simple terms – we can describe a cash flow statement as a financial Read more