Why do I need to do a Cash Flow Statement when I have a Statement of Cash Flows? This is a common question we at SBA * Consulting often gets. This is also one of the greatest misunderstandings of what accounting is and isn’t. What is the role of the CPA at a public […]
Read More »We’ve written about this before, but it bears repeating Popular thinking Most people in business when they think of the budget/forecast (there is a difference, but most people use the term interchangeably, so we won’t get technical) they think CFO or Controller as the responsible party. Most people would be wrong! While the CFO has […]
Read More »I was involved in a start-up where I was the CFO. Like most start-ups, no matter how well or how badly funded, money is tight, and accounting isn’t a priority. I disagree with this premise, and you’ll see how myopia comes back to bite the ownership in the proverbial bottom. Business Planning Believe it or […]
Read More »Budgets/Forecasts While there is a difference, for the typical owner, it is an interchangeable term. So, we’ll stick with that concept. Do you budget? Do you budget for 1-month, 3-months, 12-months or longer? If you don’t, why? A budget is a forecast (like that, used both terms in a span of 3 words) of what […]
Read More »Every time there is a catastrophic event, I ask my potential clients if they have an emergency plan, a COOP (Continuity of Operations Plan) and a business plan. I’m not surprised at the answers, but you may…. The answers are Nope, Nope and yes. They have a business plan. How complete it is, or up […]
Read More »Karley Chynces wrote in a LinkedIn article on December 21st, 2021: This morning I was at the gym at 5:45 AM. I counted maybe 10 cars in the parking lot of a gym that has THOUSANDS of members. All those thousands of people who have a membership, maybe a couple hundred go on a regular […]
Read More »A recent article I read on Cash Flow Problems…. Highlighted these eight issues. Which issues do you suffer from? Lacking cash reserves. Expensive borrowing. Decreasing sales or profit margins. Outstanding receivables. Uncontrolled business growth. Too much inventory. Seasonal changes in demand. Inaccurate forecasting or bookkeeping practices. All these issues can be fix, the problem is […]
Read More »A popular topic in the news is the great resignation. And with this great resignation, is the prolific hire. But, as we are hearing on news and LinkedIn, companies can’t find employees. Maybe its because hiring managers are adhering to job requirements that are no only outdated, incorrect, erroneous, onerous and creating a silo that […]
Read More »Improving your Cash Flow isn’t difficult, it just requires a re-think It is a seven step process. 1. Cash Flow Forecast 2. Improve Invoicing 3. Make your payment terms known 4. Change your payment policies 5. Use EDI & E-Commerce 6. Open yourselves to FX 7. Look into interest free credit Cash Flow Forecasts Updating […]
Read More »Remembering those who gave and those who gave all, on December 7th, 1941, Pearl Harbor Day.
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