YoungUpstarts
APRIL 16, 2020
Once you have achieved a calm headspace, take a survey of your cash position: How much cash is left? If you answered “no” to #2, you need to scramble to get cash in time for #3. Sudden payment of unaccrued tax, bonus, or commission liabilities (this is a common bookkeeping and forecasting error for small businesses.).
YoungUpstarts
DECEMBER 16, 2019
As your business grows, you may no longer have time or expertise to effectively manage your finances. Make a Decision About Which Accounting Method to Use to Track Your Finances. To start, you need to determine which accounting system works best for your needs – cash versus accrual. Review Your Accounting Tools.
YoungUpstarts
SEPTEMBER 27, 2019
You should already be familiar with your key business drivers through a forecast sensitivity analysis – use this information to plan what to do in the instance of a negative shock, so that your decision making can continue to be swift and precise. Prepare Financing Options. Also prepare your debt vehicles. Hire Employees.
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