Every fiscal year-end, business owners around the world take a look at their financial reports and, while some are pleasantly surprised that they did well, many are disappointed that they didn’t actually do as well as they thought and hoped for. Many small business owners blame their lack of business success on the . . . → Read More: The Value of Using a Bookkeeper
It can be very difficult for general contractors to understand the profitability of each project. If your business operates on a project-by-project basis there must be a system in place to track the quoted price of each job against invested time and expenses, to ensure that the profit margin doesn’t decrease unexpectedly. A . . . → Read More: Weekly Cash Flow Projections Help General Contractors Intelligently Manage Their Projects
In light of the sharp increase we’ve recently seen in the price of oil and gas, it is important to understand how these increases affect your profits and your cash flow. We see the cost of fuel rising when we pull into the gas station to fill up our own cars and we . . . → Read More: Help Your Small Business Cope with Rising Gas Prices by Paying Attention to Your Cash Flow
Part 2 of 2
I’m glad you’ve returned to the Smart Business Cash Flow blog in order to read the second part of my post on small business cash flow projection and cash management strategies for the new year which deals specifically with making a detailed review of your expenses. If you missed . . . → Read More: Small Business Cash Flow Projection and Cash Management Strategies for the New Year (Part 2)
Part 1 of 2
As your small business begins a new year it is vitally important that you both review the profitability of your business over the past year and identify the improvements that you plan to implement as a part of your overall cash management strategy in order to increase profitability over . . . → Read More: Small Business Cash Flow Projection and Cash Management Strategies for the New Year
How much can a small business pay the owner on a monthly basis? Regardless of whether you are the owner or the bookkeeper, if you are in charge of payroll for a small business, you will eventually have to address this important question. Business owners want to receive a monthly salary or draw . . . → Read More: What Does the Cash Flow Projection Say About How Much I Can Pay Myself?
How do cash flow projections affect seasonal businesses? For the purposes of this discussion, we’ll consider a seasonal business to be either a business that is subject to definite peaks and declines in revenue based on the time of year, or a business that only operates during a specific, predictable season.
For example, . . . → Read More: Cash Flow Projections for Seasonal Businesses
Each month it’s important to update your Cash Flow Projection with actual figures from the previous month and to review your projected numbers in light of all of the information that you have collected to date. In this post, we’ll look at a step-by-step guide to accurately capturing all of the monthly updates . . . → Read More: Monthly Updates to Your Cash Flow Projection
If you are following the process of creating your cash flow projection as it has been detailed here on the Smart Business Cash Flow Blog, then you have set up the Cash Flow Projection Template and entered data from your most recently completed month which includes all actual revenue and expenses. You have . . . → Read More: Taking a Look at the Bottom Line of Your Cash Flow Projection
In this post, we are going to focus on the expense portion of the Cash Flow Projection. If you’ve been participating in this discussion of Cash Flow Projection since our first post then you should have your Cash Flow Projection Template set up and have your first month of actual figures for both . . . → Read More: Taking a Look at Expense Projections