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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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27, July
2017

Are You Guilty of the Top 5 Accounting Mistakes Entrepreneurs Make?

Most entrepreneurs have no problem coming up with big ideas for how to start a new business. Despite this creative.

20, June
2017

How to Forecast Cash Flow in QuickBooks

Your company's cash flow forecast is the fuel that keeps things going and your business growing. The money coming in.

6, April
2017

10 Ways To Improve Your Budgeting & Forecasting

Budgeting and forecasting allow a business to plan accurately for its fiscal year. Below are 10 ways to improve.

7, February
2017

How CFOs Can Keep Bookkeeping From Ruining Their Clients

When it comes to a company’s bookkeeping practices, the business will only operate as efficiently as the processes.

23, January
2017

Failure is Temporary: Using Financial Missteps to Your Advantage

Whether you have been in business for decades, or you are just getting started, money management can be an issue no.

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29, December
2016

10 Keys to Better Budgeting and Forecasting for CEOs

A company relies on the vision of its CEO to navigate the competitive waters of its own industry and to.

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