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Financial Blog Lists 2018

You Can't Make Good Decisions with Bad Data: Do You Know The 3 R's Of Financial Statements?

On May 31, 2018  /   Accounting, financial reports, bookkeeping  /   Leave a comment

I'm going to let you in on a secret: The best businesses—those that really boost the wealth and happiness of the business owner—are not built on intuition or luck.

Photo ©ra2 studio - Fotolia.com

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Business Cash Crisis? Push your Cash Conversion Cycle

It's OK, at some point, every business owner feels it. 

It starts with a tightening of the chest. Then there's the ache in the pit of your stomach. And a fuzzy feeling in your head. Why?  It's almost payday and  you're short on cash.

First, breathe.  

Stressing out won't put cash in the bank. Now, when you can see clearly, let's get started fixing[…]

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5 Basic-but-Essential Financial Statements to Understand for Your Small Business

On May 16, 2018  /    /   Leave a comment

Small business owners have enough to do without spending hours poring over financial statements. It’s tempting to delegate all accounting tasks to a CPA or bookkeeper and rely on them to tell you what you need to know about your business’s financial health. That’s why you hired a specialist after all—isn’t it?

You should certainly have a trusted[…]

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The Dangers Of Keeping Multiple Accounting Books For Your Business -- And How To Fix It

On May 10, 2018  /   CFO, Accounting, Business Finances, bookkeeping  /   Leave a comment

As a CFO and accountant, I’ve created the books, cleaned up the books, and used the books to tell management about their company. To me, a company’s accounting books are sacrosanct. They contain 100% of the financial facts of the company—the truth, the whole truth, and nothing but the truth.

Until they don’t.

Lately, I’ve encountered client after[…]

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Marketing Budgets: Getting Your CFO To Pay For Your Creativity

Marketing and finance are entirely different disciplines, so it’s no surprise that the CFO and the marketing team have an often contentious relationship. To the CFO , the marketing budget seems poorly planned and out of control; to the marketer, the budget is an unwelcome constraint on creativity.
 
 
 
 
 
 
 
 
© AlexOakenman[…]
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Will Your Company face Bankruptcy in 2018?

You may not know Edward Altman, but he knows an awful lot about your business -- like whether your company will be bankrupt in the next two years.  Cool, right?

In the 1960's Altman developed a corporate finance formula that will accurately predict business bankruptcy more than 90% of the time. The formula, called Altman's Z Score, needs just 8[…]

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Cash When You Need it Most: How to Use Your Customers Credit to Borrow Money Now

Employees won't wait for payroll and landlords don't want to hear about your cash flow when rent is due. Sure, cash is a problem.  But if you have Accounts Receivable, you already have the keys to unlocking more cash. Here's how you can get the cash when you need it the most:

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