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Thought Leadership from the Leaders in Virtual Accounting and Bookkeeping Services
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31, July
2017

How to Account for Slow Seasons in Cash Flow Forecasting

Cash flow forecasting can make or break your business. Business owners need to know how much cash they have on hand for essential business expenses, whether to lean on your lines of credit, and whether they can purchase the inventory needed for the business. Slow seasons make accurate cash flow forecasting difficult, especially if the business is particularly seasonal in nature. However, whether your business sells products or provides services, there are a few best practices to lean on to help ensure accurate cash flow forecasting year round.

1. Look at historical trends within your company.

You have a plethora of data, so use it. You might not have exact numbers if you've experienced fast growth, but you can compare your historical trends to figure out approximate cash flow during slower seasons of the year. This method works best if you have an extended period of data to work with, such as the past five years or so. For startups and early stage businesses, lean on industry data to help project seasonal ups and downs. If you have an industry mentor or professional group, reach out for help finding and digesting the data. You may want to invest in market research from similar companies to get additional data points if industry data is limited or difficult to ascertain.

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18, July
2017

How To Get Started With Online Accounting Services

When a business is considering making a change in its accounting services, many factors are given consideration and.

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24, June
2017

Save Your Business by Improving Cash Flow

Understanding the difference between assets and cash flow is critical to business survival. Working with an.

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23, June
2017

4 Reasons Not All Outsourced Accounting Solutions are the Same

Outsourcing your bookkeeping and accounting department is a necessity as you grow your company. As you move from a.

24, May
2017

How AccountingDepartment.com Hires For Bookkeeping Services

To date in 2015, AccountingDepartment.com received 2,238 applications for its bookkeeping, accounting manager and.

24, March
2017

How to Determine Profit Margins on Services

Understanding your profit margins is a critical component of healthy financial management. With a product-oriented.

14, February
2017

How Much Do Accounting Services Cost?

Without fail, we get asked “How much do accounting services cost?” by about ten percent of our initial inquiries..

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