-
Value Aligned Advisors Amplify your Cause
Enacting positive change is a team sport. Who do you want on that team? When your suppliers, mentors, and professional advisors share your value set, day to day business or organizational activities become less of a battle and more of a creative endeavour. Here are 4 reasons why shared value alignment amplifies your impact. Trust… Read more
-
Plan Ahead for Grant Success
Don’t miss out on funding! Schedule production of the required financial reports before your year end, to ensure they are complete and approved by your board before funders require them. Plan ahead: If your organization does not have a 3-year strategic plan, it should at least have a one year budget that includes expected grant… Read more
-
The Missing Link: Schedule of Cash Collections
What types of businesses need a schedule of cash collections? Businesses that extend credit terms to customers (ie: net 30) New businesses Businesses with low cash balances A schedule of cash collections predicts when budgeted sales will ACTUALLY be received into a bank account so they can be entered into a cash flow forecast. This… Read more
-
SAVE ON SUBSCRIPTIONS
Most small businesses pay too much money for too many online app subscriptions. Try following these three steps BEFORE your business subscribes to another app: What is your inventory method What is your transaction volume What types of sales taxes do you collect Explore features in your current apps-most apps are underused Is there an… Read more
-
5 WAYS TO AVOID A CASH CRUNCH!
PLAN CASH FLOWS Strategically time payments to vendors (instead of paying invoices when you receive them) so that you can: Take advantage of any available trade discounts and save money. Avoid having to dip into a line of credit and then having to pay the related interest on the outstanding balance. SCREEN YOUR CUSTOMERS BEFORE… Read more
-
Sync Your POS and Accounting Software
It used to be a pretty big deal to sync a point of sale system with an accounting platform but if you adhere to some basic rules, it can be fairly straightforward. There are several benefits realized when you send information automatically between your POS and accounting systems: Reduce the chance of transcription errors- Remember… Read more
