Monday, June 2, 2014

Important Facts about Managing Cash Flow

Resources, specifically cash, is the lifeblood of a business, so it’s important to always keep it flowing properly in and out of your enterprise. The process of supervising this flow is referred to as cash flow management. Regardless of whether you’re running a giant multinational corporation or a simple small business, you will need to familiarize yourself with the principles of cash flow management.

Monday, May 26, 2014

Business Pointers: Common Mistakes that Affect Cash Flow Management

Marketing is highly beneficial, especially if done correctly. However, focusing too much of your cash resources on it without sufficient research can be disastrous in terms of not getting a good ROI (Return on Investment), and would be a waste of time and cash flow.

There are still a lot of factors that can have a negative impact on cash flow. Fortunately, such adverse results can be prevented by tools like modern cash flow management software such as Cash Flow Mojo® Software. It saves you lots of time and eases the burdens of keeping an eagle eye on your cash flow today.

http://cashflowmojosoftware.com/business-pointers-common-mistakes-affect-cash-flow-management/

Monday, May 5, 2014

Managing Cash Flow: Keep Your Receipts

Many small business owners pay for business expenses out of their own pocket and forget about recording them in their financial books. This is a problem because for an owner to maintain good financial records, he needs to keep track of ALL expenses. The consequences of lost or incomplete records can be dire: incomplete records can mean thousands of dollars in lost tax deductions.

To avoid committing this bookkeeping no-no, you need to keep all your receipts and tax invoices. Here are tips to help you do so:

Thursday, April 24, 2014

Cash Flow Management Tips: Predicting your Cash Inflow and Outflow

    Although cash flow forecasts do take some time, and you might question its effect on your bottom line, the most important thing for business is analyzing and predicting cash flow. Cash is what makes your business run, and if you don’t stay in control of what cash is coming into your business and what cash is leaving it, you might find yourself in trouble.”

You can also rely on dependable cash flow management software to ensure that you get the numbers as accurate as possible and stay in control. Software products, such as the Cash Flow Mojo® software, could even help you in tasks like budgeting, sales and income planning, calculating accounts receivable, and, of course, in helping you effectively manage cash flow.

http://cashflowmojosoftware.com/cash-flow-management-tips-predicting-cash-inflow-outflow/

Tuesday, April 1, 2014

Top Tips for Cash Flow Management

Money may not run the world, but it does run businesses. Managing cash flow is an integral monitoring and adjusting process that keeps a business on top of its future cash requirements. In short, proper cash flow management assures that there will be cash available. Here are the top tips to set the cash flowing right:

Set targets

Preparation is key. Maintaining a cash flow forecast within the next six to 12 months can keep the process focused and organized.

Monday, March 24, 2014

Cash Flow Management: Some of its Most Basic Principles and Solutions

For fairly experienced and rookie entrepreneurs alike, effective cash flow management is often mistaken for effective profit management when, in fact, they are two different concepts. Cash flow management is a tool to help an entrepreneur manage the flow of income and balance it against the expenses for his business to stay viable. Profit management, on the other hand, involves making decisions to manage and maximize profits. Chicago-based businessman Jay Goltz, writing for the New York Times, outlines some of the lessons he has learned in the field while offering some valuable tips to stay liquid.

A true cash flow problem, according to Goltz, occurs when a company makes money, but subsequently sees its cash disappear, leaving no margin for profit. Usually, this money is spent on debt-settling, investing in works-in-progress, and the purchase of inventory and new equipment.

http://cashflowmojosoftware.com/cash-flow-management-basic-principles-solutions/

Saturday, March 1, 2014

How to Manage Your Business Finances

While some business owners claim to have put up their companies to fulfill a dream, the vast majority would say they did it to make more profit. If you have just put up your own business, profit or cash inflow is exactly what you have to concentrate on to keep your business up and running. Your finances should be systematically monitored to smooth out any risk of collapse or insolvency.