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Have you ever reviewed your profit report and celebrated an increase in sales and profitability? You gave everyone a high five and announced year-end bonuses.
A few days later the celebration was over after your bookkeeper asked you to transfer money for payroll.
You wonder what happened…how ar...
Video Highlights
1:07 Overview of the Cash Method
3:25 Advantages of the Cash Method
6:04 Disadvantages of the Cash Method
9:06 Overview of the Accrual Method
12:42 Advantages of the Accrual Method
13:58 Disad...
Revenue, profit and cash are all needed to operate a healthy business. But they are very different numbers and tell different stories about your operations.
In the perfect world, your Revenue, Profit and Cash balance will grow at the same rate. Unfortunately, it’s common for businesses to generate ...
