As your company grows, balanced operating cash flow becomes increasingly important. At the most basic level, cash flow refers to funds coming in as your customers pay for the goods and services you provide versus funds going out to pay business expenses. The goal is to create a situation where your accounts receivable are resolved quickly, leaving you plenty with of flexibility in handling accounts payable.
There is an underlying stigma that management can tend to keep the accounting department separated from the operations.
Many small businesses reliably produce a set of financial statements each year, listing assets and liabilities, revenue.
Financial controllers and CFOs are moving past controller services and playing a more strategic role in company.
AccountingDepartment.com co-founder Dennis M. Najjar, CPA, CGMA presented his most recent installment of his Fridays.
Throughout the course of our work we find ourselves engaging with and working in accordance with many different types.
