Accounting – Bookkeeping

Understanding Cash Flow: Essential Tips for Managing Your Business Finances

Understanding Cash Flow: Essential Tips for Managing Your Business Finances

By Your Front eOffice

As a small business owner, cash flow is crucial. But what exactly is cash flow? It’s the money moving in and out of your business bank account. Knowing where your cash comes from and where it goes is essential for making smart decisions.

You can think of cash flow like the gas in your car. You fill up the tank, and it gets used up as you drive. The goal is to keep enough gas in the tank so you don’t run out. This guide will explain what cash flow is, how to analyze it, and how to read cash flow statements to help you manage your business better.

What is Cash Flow?

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Bring Order to Choas

Bring Order to Choas

By Your Front eOffice

Your financial records are the backbone of your business. They provide insight into your company’s health and performance. Yet, many businesses find themselves in a predicament similar to the one described below. Let’s explore why your financial records might be disorganized and how you can rectify this situation to pave the way for success.

Why Might Your Books Be A HOT Mess?

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The Journey of an Estimate in QuickBooks Online

The Journey of an Estimate in QuickBooks Online

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By Your Front eOffice

You’ve probably received estimates before. Maybe you needed work done on a vehicle. Your dentist might have warned you how much a new crown would cost. If you’ve ever hired a contractor to remodel a room in your home or build an addition, you would have received a lengthy document spelling out the costs for materials and labor, an estimate.

Potential sales like these are multi-step processes. The first step is creating an estimate for your customers. If they want to make changes, you’ll have to edit it. Once they approve the estimate and the work has been completed, you’ll want to send an invoice and record a payment when it comes in. And you’ll probably want to see an overview of the estimates you’ve processed, so you can track their financial life cycle.

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