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Cash Flow

Up and Running

Broadly speaking, businesses bring in money through sales, financing, and returns on investments—that’s cash flowing in. The other two, an income statement (also known as a profit and loss statement ) and a balance sheet , complement the cash flow statement and help you see a full picture of your business’s finances. .

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Fortifying Profits: Strategies to Shield Your Business from Embezzlement

Duct Tape Marketing

Exclusive to new customers—upgrade and grow your business with ActiveCampaign today! So fake invoices or collections, like setting up the fraudster will set up a company name similar to a customer name, and then collect those checks and deposit them into their own account. Sign up for a 15% discount on annual plans until Dec 31, 2023.

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A Simpler Plan for Startups

Up and Running

It should help her define what she wants from the business, understand what her customers want, and decide how to optimize her business on her own terms. She might benefit from developing a simple sales and expense forecast , maybe even a profit and loss , so she can plan how to use and develop her resources.

Startup 114
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5 Critical Things Entrepreneurs Need to Know about Managing Their Company's Finances.

Small Business Force

This doesn't mean you have to become a CPA or go take a boatload of accounting courses, but, at least, learn to understand what's in a basic income statement and balance sheet and what they mean. Learn to understand basic accounting and formalize sooner rather than later. What are yours?

Finance 37
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The Hidden Costs Of Managing Bookkeeping On Your Own. Consider These Tips.

YoungUpstarts

When you start a business, you’re the CEO, marketer, customer service representative and human resources manager. Bookkeeping is a critical responsibility since you are recording all day-to-day financial transactions, including receipts, sales and payments to people, vendors and other companies. You wear a lot of hats.

Cost 246
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How to Become Your Own Boss in 2015 (Webinar Recap)

Up and Running

I’m also going to walk you through developing your marketing plan because I see too many people, they focus on their logo, they focus on their location, they focus on their invitation to their grand opening event and if their life depended on it could not tell you who their niche target customer is. What do I mean by that?