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Tag archive: cash flow

Bookkeeping tip: Check cash flow BEFORE crisis hits!

bookkeeping_tip

Life is full of surprises, but the fewer we have in business, the better. Cash flow is the lifeblood of your small business. It determines the financial health and well being of your business and can spell the end if you don’t have a handle on it.   It’s important to have up-to-date visibility of…

5 easy ways to keep your small business finances organised

5 easy ways to keep your small business finances organised

It might come as a surprise (and a big relief) to hear that some of the most common bookkeeping mistakes for small businesses are also the easiest to fix.   Apart from using the right accounting method for your business, there are a few basic things you need to know.   If done properly these five…

What you need to know about managing your cash flow

managing cash flow

  Whether your business is big or small, you need cash to survive. Your suppliers need to be paid, you need money to pay wages if you have staff, and then of course, there are bills and expenses.   As your business grows, so does the need for cash, so it’s absolutely crucial to monitor…

6 Most Common Bookkeeping Mistakes of Small Business – And How To Avoid Them

common bookkeeping mistakes

When you’re in business it’s easy to spread yourself too thin. There’s so much to think about and never enough hours in the day to get things done.     1. Using the wrong accounting method There are two main accounting methods, cash accounting and accrual accounting. Cash accounting records the money for a sale…

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