Category Archives for Improve Cash Flow

4 Ways the Profit First Method Helps You Reach Your Financial Goals

Traditionally, business finance models have told us to subtract our expenses from our revenue, and whatever is left is profit. But the Profit First method from Mike Michalowicz changes that around, as

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What We’re Seeing with PPP Loan Forgiveness

For all the businesses that received PPP funds, and an EIDL Advance this year, we are seeing many ways to handle this revenue. We have been booking everything as a current liability. Then, as they are

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A Bookkeeper’s Journey Into Using Profit First

I am a professional bookkeeper who has years of experience working with small and midsize businesses. So, I always felt confident in my ability to manage my own company’s finances with success. And I

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3 Steps to Make Your Small Business a Growth and Profit Center

Growing your small business takes careful planning and far-sighted business management practices, starting with a well defined business strategy.  It’s hard to get somewhere if you don’t have

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7 Ways to Increase Cash in the Business – Without Spending to Do It

The math is simple. To have more money, you need to earn more or spend less.  This list is just to help you break down the cash analysis you need to do. It’s not all-inclusive, but it’s a start. To

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5 Small Business Tax Deductions to Take Advantage Of

Business leaders can minimize taxable profit by taking advantage of tax deductions. The lower your taxable profit at the end of the year, the less you’ll have to pony up in additional taxes. Small business

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