7 ways to increase your small business Cash Flow

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When it comes to small-business money problems, it's often not the sales volume that's an issue -- it's the cash flow.

Money simply isn't there at the time when you need it to pay bills. It straggles in next week or next month, or even next quarter. You end up borrowing to keep the business afloat until those late payments finally turn up. This raises expenses, and causes more cash-flow problems.

How can you escape the cash-flow trap? Here are seven tips from John Formento Jr., an analyst with the business-information firm Sageworks -- plus a few of my own.

  1. Monitor accounts receivable. Do you know whose bills are overdue right away? ... Read more

Quickbooks review by CGA - BC

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QuickBooks 2012 continues to enhance its reputation as an easy-to-use financial management software solution with greater ease at start-up, improved importing functionality from Excel and a more robust reporting engine... Read more

5 signs to bring in an accountant

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If you run a small business from home, chances are that you do your own accounting and bookkeeping. After all, hiring an accountant would cost more than you have to spend. Right?

Not necessarily.

Granted, if your accounting needs are limited and take little time away from operating your business, then maybe an accountant is not quite necessary.

However, here are 5 telltale signs that it might be time for your small business to outsource some of your accounting work. If more than a few of these items apply to you, it may be time to consider hiring an accountant.

  1. You feel like your expenses are way too high.  If your expenses feel unreasonably ... Read more

New features in Quickbooks 2012

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New features in Quickbooks 2012 : customer snapshot, batch invoicing & time sheet, invoices & estimates with webmail integration, ... Read more

Many hats of small biz owners

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Being self employed comes with many benefits.  You can sleep in, work in your pyjamas and go shopping in the middle of the day.  You no longer have to report to a boss who doesn't really understand what you do or deal with mindless workplace politics.  It all sounds wonderful, but unfortunately there are also many challenges.  Small business owners have to deal with uncertainty and risk.  They need to be disciplined and deal with the many demands that being self employed can impose upon us.  In the early stages of self employment, most of us have to take on the responsiblity of fulfilling the administrative functions that you find in a more established business. Some of the skills that you need to develop are:

Accountant: It is extremely important to have an infrastructure in place to track your ...  Read more

 

Being self employed comes with many benefits.  You can sleep in, work in your pyjamas and go shopping in the middle of the day.  You no longer have to report to a boss who doesn't really understand what you do or deal with mindless workplace politics.  It all sounds wonderful, but unfortunately there are also many challenges.  Small business owners have to deal with uncertainty and risk.  They need to be disciplined and deal with the many demands that being self employed can impose upon us.  In the early stages of self employment, most of us have to take on the responsiblity of fulfilling the administrative functions that you find in a more established business. Some of the skills that you need to develop are:

  1. Better Accounting method than GAAP for your business