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When Is It Time For Your Startup To Stop Relying On In-House Accounting?

YoungUpstarts

Most small businesses use cash accounting because it’s the easiest way to track cash flow. Since transactions are recorded at payment, you can track your cash position without adjusting the dates for your bills or invoices.

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How to Improve Cash Flow

Up and Running

You can be reporting solid revenue on paper, but unless you have cash in hand, you’re not going to be able to pay your bills. The higher the rate and the more you improve your cash position from other cash flow improvements, the more additional liquidity you create. Maintain your cash flow.

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How to Run a Productive Monthly Business Plan Review Meeting

Up and Running

We always spend time drilling into the numbers, beyond the top-line revenue and expenses to better understand what the drivers were behind our performance. Most importantly, we review our cash position and cash flow. But you can always start out with a simple cash flow template in Excel. Or did some underperform?

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Containing Growth Chaos: Five Things To Do When Your Company Is On The Upswing

YoungUpstarts

But entrepreneurs face other concerns that compete with this growth focus, including hiring, maintaining current revenue sources and distinguishing themselves from the competition. Manage cash flow. At my company, our cash position is reviewed every week, come rain or shine. Hell or high water.

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10 Things Every Small Business Needs To Do

Up and Running

There are a series of “levers” in your business that will affect your cash position. It was a business doing $20 million in revenue per year that had been around for 20 years. Had they gotten rid of those product lines, they would have only made about $13 million in revenue, but over $1 million in actual profits.

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Understanding The Different Types Of Finance Documentation And How To Use Them

YoungUpstarts

‘Official’ finance record keeping has to be carried out using specific financial documents, and supporting paperwork has to be undertaken so that an accountant can calculate the company’s tax liability and submit accounts to the IRS (Internal Revenue Service). The documents. So what are the main finance documents to be aware of?

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Money Doesn’t Solve Problems. People Solve Problems.

Feld Thoughts

Lots of successful companies I’ve been involved in were tight on cash for extended periods. Some successful companies I’ve been involved in looked like they were doing well if you looked at their top line revenue and growth numbers, but were a disaster below the surface.