This week’s Finance Friday is another addition of The Finergy Five! This week I am excited to bring you Five Financial Activities you should do every month. When you run your own business, there is a lot going on every day. It can be hard to keep up sometimes. Even when time is tight, you should do at least these five finance activities every month. If you find it hard to make the time, you can consider hiring a bookkeeper to help reduce the amount of time you need to spe
Welcome back to Finance Friday! Snowing in March, ugh, only thing worse is when it snows in April. At least we know the end of winter will soon be here! Instead of thinking about the snow, let's talk about finance! Today we are going to speak about cash flow. In February we look at different elements of business; revenue, accounts receivable, expense and accounts payable. Today we are going to look at the next step, cash flow. What is Cash Flow? Cash flow looks at how cash
Welcome Back It’s Finance Friday yet again. I am happy that we are celebrating the last Friday of February. This weather has been amazing. I hope the Ground Hog was wrong and Spring will be early this year! is just around the corner now. Today we are going to look at accounts payable and how that impacts your cash flow. A few weeks ago we looked at accounts receivable and saw that accounts receivables brought cash into the company. This week we look at accounts payable.
Hey there, thanks for stopping by. Today we are switching it up a little bit. From time to time we will be posting what we like to call the Finergy Five, which will consist of various top five list. Today in our first Finergy Five, we will be looking at five key financial elements: 1. Revenue and Accounts Receivable – To run your business, you need to understand where your revenue streams are coming from and how your clients pay you. The relationship to between revenue and ac