Defining Key Financial Ratios
Corresponding to figures from your financial statements, ratios make relationships in your business more understandable. A ratio is only a shorthand note:... Read story
Michael Pellecchia
Five Severe Warning Signs of Cash-Flow Problems
Keep an eye on your cash flow, and look out for these warning signs that could signify problems: Decreased liquidity: running out of working c... Read story
Action Plan: Forecasting and Cash-Flow Budgeting
Your cash flow budget is the most important financial statement that you have. Done correctly, it provides your business with the necessary checks, balanc... Read story
Key Questions to Ask a Prospective CPA
The worst way to find a CPA is to "call one up and hire him" sight unseen, believes Irving L. Blackman, a frequently published CPA and senior partner in B... Read story
Turning Assets into Cash
Your largest current assets, against which you might borrow, are probably receivables and inventory. Ideally, both of these assets turn into cash as soon ... Read story
Action Plan: Using Economic Forecasts
Track the economy so you can prepare for your business's future. Read story
Choosing Accounting Software
Here's what you need to consider when choosing accounting software: Auditing features. These might include a map mode, an... Read story
Debt Management and Banking: Establish a Contingency Plan
Show your creditors that you can handle a cash crunch with a plan for managing crises. Read story
Establishing Credit Limits
There is no precise method of allocating credit. However, a simple policy that works well is to allocate customers to one of the four categories of credit... Read story
Collection Techniques to Avoid
Past-due accounts present a number of problems, one of which is how to collect them. When faced with this uncomfortable issue, avoid using these collectio... Read story
Action Plan: Debt Management and Banking
Debt management and cash flow management are inseparable. A poorly managed cash flow will eventually surface as a depletion of working capital. If working... Read story
