Payables

Want to see into the future? Delve deeper into forecasting

Financial Statements, Small Business / Douglas Freeman

For a company to be truly successful, its ownership needs to attempt the impossible: see into the future. Forecasting key metrics — such as sales demand, receivables, payables and working capital — can help you manage overhead, offer competitive prices and keep your business on firm financial footing. Although financial statements are often the starting […]

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Don’t assume your profitable company has strong cash flow

Cash Method of Accounting, General Accepted Accounting Principles (GAAP), Small Business / Douglas Freeman

Most of us are taught from a young age never to assume anything. Why? Well, because when you assume, you make an … you probably know how the rest of the expression goes. A dangerous assumption that many business owners make is that, if their companies are profitable, their cash flow must also be strong.

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