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Bookkeeping Basics for a Growing Business Poor bookkeeping is a very simple, and easily avoidable, reason why some seemingly good businesses take a turn for the worse. Keeping an accurate record of the books is essential in understanding not only a company’s demands but also any financial rewards too. Not only that, but accurately-recorded books also provide current, up-to-date insight into the current financial situation. These basic bookkeeping elements are vital in assessing any future
Finding, getting, and then keeping customers may be the three hardest jobs for any small, medium or large business. If everyone agrees, I bet we can then say number four is managing cash. “What cash?”, is not an appropriate comeback. At least I hope it’s not. Since managing cash is high on the list, I have spent the past dozen or so years making this daunting task be as simple as possible through just a
How to Improve Cash Flow for Your Startup When you have a startup, resources are often limited, including your cash flow. Unfortunately, you need a decent cash flow to reinvest in your business, so that it can flourish, grow, and ultimately become more profitable. With some creative thinking and resourcefulness, you can improve the cash flow in your startup to help you reach your current and future goals. Here are some effective ways to get
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