Choosing an Accountant for a Growing Business
The accountant who helped you file your first return may not be the right fit once you have staff, inventory, investors or customers in several countries. …
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Seasonal Working Capital Explained
Plenty of profitable businesses run short of cash at the worst possible moment: just before their busiest season. The shelves need filling, staff need hiring …
Setting Quarterly Revenue Targets
A yearly revenue goal is easy to write and hard to feel. Twelve months is a long time, and by the time you notice you are behind, it is often too late to catch …
Collecting Overdue Invoices in January
January is when unpaid December invoices quietly turn into a cash problem. Clients come back from the holidays to full inboxes, finance teams close their year, …
Days Inventory Outstanding Explained
How long does a typical item sit on your shelves before it sells? Days inventory outstanding, or DIO, answers that question in a single number. It tells you how …
Planning Big Purchases for the Year Ahead
A new van, a bigger oven, a machine that doubles your output: big purchases can transform a small business, or squeeze its cash for months. Planning big …
Reconciling Year-End Inventory With Your Books
Counting your stock is only half the job. The other half is making the number on the shelves agree with the number in your accounts. Reconciling year-end …