PABS
A survey by QuickBooks1 revealed that 60% of small businesses face problems with cash flow. Interestingly, to better understand whether your business is doing good or bad, you need to understand the cash flow statement and how to prepare one. In this blog, I will discuss the importance of cash flow statement, how to prepare […]
You are stepping into a Chicago Public Library, having thousands of books from different categories and genres. It would be easy for you to pick books if books are meticulously organized and labeled. But if everything is scattered all over the place and you are looking for “Mind Games” by Nora Roberts, it would be […]
According to Business Insider, 82% of businesses fail due to cash flow problems. Cash flow is undoubtedly critical to the operations of any business, but for manufacturing businesses like yours, it holds a particular significance. The cyclical nature of production and inventory in your business operations needs constant cash flow to ensure adequate supply for […]
Franchise owners, take note! Your business, by nature, is decentralized as it involves multiple locations, inventory, and financial data. To stay competitive and profitable, it’s imperative to be familiar with essential franchise accounting best practices for tracking royalties, fees, taxes, inventory, payroll, and more. Here, we delve into best practices that every franchise owner like […]
Cash Flow or Profit – what you want the most I worked with many contractors and subcontractors and have seen them struggling for cash despite positive profits on the balance sheet, that’s true. Profit is good but when you gradually shift your focus toward cash in the bank, you are surprised to see that cash […]
Auto repair parts in your shop are cash on the shelves. The success of your auto repair shop solely depends on how well you monitor purchased and returned parts, ensuring every part ends up on a repair order. Auto parts tracking is a critical element of your shop, requiring a little more attention if you […]
What is unique about successful vacation rental businesses? You would think of having a portfolio of luxurious homes, ideal locations, amenities, and more. If not this, you may think they are better at marketing and handling maintenance. However, none of the reasons are true. That doesn’t mean these things are not important. But the key […]
