Written by With the current economic conditions, the collection of accounts receivables is becoming more and more of a challenge. Strengthening your collection procedures may allow you to shorten the aging days of your accounts receivables and improve collection rates. The following suggestions can help your business tighten up its credit and collections policies and improve its [...]
Posts tagged Cash flow
The Pulse of Your Business
Unfortunately, many small business owners do not fully understand their cash flow statement. This is shocking, given that all businesses essentially run on cash, and cash flow is the lifeblood of your business. Some business experts even say that a healthy cash flow is more important than your business’s ability to deliver its goods and [...]
The Income Statement (Profit & Loss) Part 1
The Income Statement is one of the three main financial statements. (The other two being the Balance Sheet and Cash Flow Statement.) The important thing to remember about an income statement is that it represents a period of time. As opposed to the balance sheet, which represents a single moment in time. The income statement [...]
The Company Balance Sheet
There are three major financial statements – the profit & loss, the balance sheet, and the statement of cash flow. The balance sheet is what drives the cash flow of the business. The balance sheet is an important financial-analysis and reporting tool that outlines the assets, liabilities and equity of the company at the end [...]
