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[INTERVIEW] Michael Majeed, Finance Executive, SR&ED Tax Consultant

YoungUpstarts

Michael Majeed is quick to note the vast numbers of new startups that launch each year on the Canadian landscape, and he’s keenly interested in helping young business owners make the most of their opportunities, especially when it comes to their finances. Financial intelligence is important to anyone starting a company.

Finance 217
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5 Ways to Improve Your Business Financial Management

Up and Running

Ongoing financial planning and forecasting are critical for business growth. Now, managing and analyzing your business finances doesn’t have to be a frustrating process. Here are a few tips to help you better manage your business finances. Many of these solutions can also prepare tax forms or integrate with tax prep software.

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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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Revenue Recognition’s Effect On M&A

YoungUpstarts

A change in revenue recognition means a change in the due diligence process, specifically accounting diligence, modeling, quality of earnings and cost of integration. In certain industries, such as Software as a Service (SaaS) and hardware companies, the new standard is a minor tweak. What to consider.

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Turn What-if to What-Now: The Importance of Scenario Analysis

Up and Running

” It’s been a favorite management tool of mine since my time as VP for a market research firm, and it’s a method I used for decades growing a software company from zero to well over $10 million in annual sales. Financing options: Can I get an emergency payroll loan? What is a scenario analysis? What if it lasts six months?

Forecast 120
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Eight Accounting Tips For The Aspiring Entrepreneur

YoungUpstarts

Part of the path to building healthy balance sheets is excellent organisation, keeping track of your financial paperwork key to avoiding accountancy aggravation. With this in mind try to establish an organised system, filing away every facet of your business finances separately. Keep your accounts separate.

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SayAhh’s Revenue Projections

Feld Thoughts

Before building his projections, Dick needs to make three main decisions: Should he build a simple cash forecast or a set of projected financial statements? Cash Forecast vs. Projected Financials – What’s the difference? A simple cash forecast is just that – it is a model that helps anticipate cash balances over time.

Revenue 127