Category: Financial Reporting

  • Cash Flow Statement: What Is Its Purpose?

    Cash Flow Statement: What Is Its Purpose?

    Three Sections of the Cash Flow Statement Before we discuss the purpose of a cash flow statement, let’s first talk about what it is. The three sections of the cash flow statement are operating, investing, and financing. There are two methods to use when preparing your cash flow statement: direct and indirect. Cash Flow Statement […]

  • 3 Major Cash Flow Activities

    3 Major Cash Flow Activities

    There are three major cash flow activities in each business. These consist of Operating, Financing, and Investing. You’ve heard these terms before, but you’re not clear about how they appear in your small business. After all, you don’t have investments, and you’re running your business with credit cards and a small line of credit. It […]

  • Financial Review: Are We There Yet?

    Financial Review: Are We There Yet?

    Are we there yet? I read a post recently on my friend Jean Summit-Riker’s blog titled “Lighten Your Journey with Laughter,” where she has this great image of Mother and Baby turtle. The baby turtle is saying to its mother, “Are we there yet? Are we there yet?” The statement “Are we there yet?” reminded […]

  • Cash Flow Management: Slow Accounts Receivables Woes?

    Cash Flow Management: Slow Accounts Receivables Woes?

    Lost Profits in Billing Processes My friend Susan Baylis at Medical Account Solutions lays out some essential points of lost profits in medical office billing processes in her blog “Maximize your medical receivable with a few simple steps.” It’s vital in all types of businesses to have reliable processes in place for billing and collecting. […]

  • Financial Reporting: 4 Core Monthly Reports For Business Owners

    Financial Reporting: 4 Core Monthly Reports For Business Owners

    Every business owner must know their numbers. I know, I know you hate to look at the numbers. It’s boring. But really, is that an excuse not to look? How can you make effective, informed decisions without knowing your numbers? Can you answer the following questions without too many manual calculations? Is this information easily […]