Managing Finances
Good financial management can make or break a company. It's not just a matter of having enough money -- it's about having enough money for the right things at the right time. And accurate financial reports can be an essential management tool.
Cash (Flow) Really Is King
One of the most important lessons entrepreneurs have to learn, often painfully, is that cash really is king. I'm not talking about paper money -- I'm talking about cash flow. Simply put, it doesn't matter how much money is coming in the future if you don't have enough money to get from here to there.
One of the most important lessons entrepreneurs have to learn, often painfully, is that cash really is king. I'm not talking about paper money -- I'm talking about cash flow. Simply put, it doesn't matter how much money is coming in the future if you don't have enough money to get from here to there.
Using Financial Statements As a Management Tool
A financial statement is more than just a snapshot of your business’ health that you provide to shareholders or potential investors: It’s also a powerful diagnostic tool business owners can use to evaluate their firm’s strengths and weaknesses and chart the way forward.
A financial statement is more than just a snapshot of your business’ health that you provide to shareholders or potential investors: It’s also a powerful diagnostic tool business owners can use to evaluate their firm’s strengths and weaknesses and chart the way forward.
Payroll Management - Minding Your Employees’ Money
Handling the payroll can be confusing and time-consuming, although knowledge of the basics and special software can help simplify the process. As your business grows, at least one of your employees should take on the responsibility of payroll management, or you can look into the cost-effectiveness of outsourcing the job.
Handling the payroll can be confusing and time-consuming, although knowledge of the basics and special software can help simplify the process. As your business grows, at least one of your employees should take on the responsibility of payroll management, or you can look into the cost-effectiveness of outsourcing the job.
Your First Business Tax Return
It’s your first year in business, and tax time has arrived. How does the new business owner prepare for getting those returns filed accurately, timely and achieving the most favorable results for the business?
It’s your first year in business, and tax time has arrived. How does the new business owner prepare for getting those returns filed accurately, timely and achieving the most favorable results for the business?