Cash Flow

Payroll Solutions for Small Businesses

Payroll Solutions for Small Businesses

Today’s topic focuses on payroll solutions for small businesses. When first starting out, a large population of small business owners, especially solopreneurs, will skip out on a payroll solution. And soon enough, we discover the cost of doing so: that large year-end tax bill.

Cost of Goods Sold or Expenses

Cost of Goods Sold or Expenses

Financial reports paint a picture of how well a business is performing, if they have room for growth, and when they should reduce spending to keep the doors open when sales are low. The most important one up for discussion is often the Income Statement, also referred to as a Profit and Loss.

Poor Habits Lead to Weak Cash Flow

Poor Habits Lead to Weak Cash Flow

In speaking to Jowanna Parris-Daley of Daley Word, we shared a common concern for the small businesses we support: poor cash flow management. This topic is always on the top of the list for businesses, no matter how long they’ve been in operation. It’s especially crucial for new business owners to grasp the cause and effect of certain habits. Below are two areas where most new businesses fail resulting in a weak cash flow.