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10 Ways To Improve Your Cash Flow Position

Running a business means you are in charge of every aspect of the business. Your responsibility to your business financial health is what keeps you afloat to service your clients needs. In order to achieve a healthy financial perspective, it is important to know where your cash lies within your business.

Topics: Accounting Cash Flow Management Accounting procedures

What does your month end close process consist of?

Why monthly bank reconciliation is imperative

In today’s business environment, knowing how much cash your business has readily available is critical to the success of your organization.  This starts with the bank reconciliation, which enables effective cash flow management.

Bank reconciliations compare a company’s records to their bank records, which authenticates cash activity.  The bank statement is the source document issued by your bank confirming cash movement for a specific time period.

Topics: Accounting Accounting Methodology Cash Flow Management Accounting procedures Business Advice Bookkeeping