Sometimes, even when you’ve done everything possible to be a good cash manager, you run into a problem. There are steps you can take to skillfully weather your cash crisis. Determine the cause of the problem – If it’s just a timing issue, you … [Read more...]
Cash vs. accrual-based accounting: What does it mean?
June 7, 2011 by
In my opinion, one of QuickBooks’ best features is its ability to run financial reports like a Profit and Loss Report on both a cash and accrual basis. But I’m often asked by my clients “What does that mean? What is Cash vs. Accrual?” I’ll try to … [Read more...]
Pitfalls of managing your business by bank balance
November 22, 2010 by
Many small business owners make financial decisions based on how much cash they have in the bank. Unfortunately, there are a number of pitfalls to managing your business this way. Let’s explore some ways that business owners manage by bank balance, … [Read more...]
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