Business Resources Library

Viewing Category: Financial Management
Strategies for accounts receivables

While many businesses exchange products and services for payment at the point of purchase, there are many businesses that put in the work to create or provide a service and provide credit to the customer for payment. For example, a freelancer may produce work for a client throughout the month, and then submit at an invoice for that work at the end of the month. When you do business with a customer, you expect to be paid for your labor, product and/or services. But, what happens when those [...]

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5 key financial documents all business owners need

When entrepreneurs launch their businesses, much of their time and energy are focused on day-to-day outward-facing operations like customer service, sales and inventory management. What’s equally important to long-term growth and success, though, is to have a thorough understanding of your business’s financials. In this article, we look at the five most important financials that business owners need to create, understand and use to track and drive growth. When these financial [...]

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Interim Financial Statements: What They Are and Why Your Small Business Needs Them

Two significant financial challenges that small businesses frequently face are cash-flow and liquidity issues, and without a solid grasp on financial management, many small business owners find themselves making difficult and costly decisions out of stress or fear. There are many tools that can help you better manage your finances to ensure that your business stays strong, and among the best are interim financial statements. In this brief article, we look at ways in which interim financial [...]

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Building Financial Stability as a Small Business Owner

This article is a guest post from Fit Small Business Behind every successful business is a responsible bookkeeper reviewing the finances and making budgetary decisions. Oftentimes, that bookkeeper is also the owner, marketing team, and Human Resources Department. Without financial stability, your company could spend a lot, go broke, and end up having to close your doors. If you don’t have a background in accounting, you can still enjoy relative financial stability. Keep these steps in [...]

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Working with a CPA

Your small business’s financial statements are like diagnostic tools that provide information on the health of your business. That’s why it’s not only critical that you understand them, but that you also work with a certified public accountant, or CPA. CPAs can ensure that your financials are accurate and advise you on ways to make your business more financially strategic and profitable. In this article, we dive into the role of a CPA in your business, and key questions to ask [...]

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