Business Accounting: The Cash vs. Accrual Methods
When it comes to keeping track of a company’s revenue and expenses, there are two methods you can use: the cash method and the accrual method. In most cases, you’ll have the freedom to pick which...
The Top 5 Cash Flow Challenges Small Businesses Face
If there’s one thing that can doom a small business, it’s poor cash flow. One in four small businesses won’t make it out of their first year, primarily because of cash flow issues. More than half...
How to Boost the Efficiency of Your Business Operations
Running an efficient business means you are able to get more work done with lower expenses, thereby maximizing your profit margins. Moreover, improving efficiency can help a company boost employee...
Building Your Business Budget from the Top Down
It’s never easy to predict the future, especially when it comes to the budget of your small or medium-sized business. Unexpected challenges, cash flow issues and sudden increases in costs can all...