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How to Be Current and Cognizant When Managing Cash Flow - Entrepreneur (blog)

How to Be Current and Cognizant When Managing Cash Flow - Entrepreneur (blog) | Accounts | Scoop.it
“How to Be Current and Cognizant When Managing Cash Flow Entrepreneur (blog) In 10 Ways to Keep Cash Flow Alive, serial entrepreneur Kelsey Ramsden writes that cash flow management may be one of the toughest balancing acts of owning a company.”
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Data shows cash flow benefits of online accounting - Xero Blog

Data shows cash flow benefits of online accounting - Xero Blog | Accounts | Scoop.it
After aggregating some 16 million invoices, we’ve found that on average Xero users get paid faster than they were in late 2011 (Small to mid-sized businesses using Xero are getting paid faster in 2014 than in 2011.
Michelle Reynolds's insight:
Xero is a great system - get in touch with me to arrange a free demo.
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Who owns your accounts data? - The Age

Who owns your accounts data? - The Age | Accounts | Scoop.it
Who owns your accounts data? The Age You may have recently read articles about issues that may arise with ownership of data in a cloud accounting solution if a business owner and their accountant or bookkeeper part ways.
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Useful article about going with cloud solutions for accounting.
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8 tips to improve your business’s cash flow - ICAEW Business Advice Service

8 tips to improve your business’s cash flow - ICAEW Business Advice Service | Accounts | Scoop.it
Cash flow problems can be a huge worry when you run your own business. Here guest writer XLN provides it's 8 tips to help improve your business’s cash flow. (RT @ICAEW_BAS: #Cashflow problems can be a huge worry when you run your own #business.
Michelle Reynolds's insight:
Cash flow - I've said it once and I'll say it again. It is CRUCIAL to manage it properly. Many small business owners take time to raise invoices, are too slow to chase payment and don't forecast their cashflow. This article provides tips for improving cash flow. If you want to forecast better then please feel free to download my free cash flow forecasting spreadsheet by clicking on this link http://bit.ly/164Qwtt
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How to Get Paid Faster: 10 Tricks

How to Get Paid Faster: 10 Tricks | Accounts | Scoop.it
Cash is the lifeblood of your company. Try these tactics to keep it flowing. (RT @Inc: Cash is the lifeblood of your #company.
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How to get paid faster.
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Accounting Outsourcing – Perks of Strategic Outsourcing

Accounting Outsourcing – Perks of Strategic Outsourcing | Accounts | Scoop.it
Accounting outsourcing is a progressive strategy being used to reduce monitoring costs and controlling the finances by accounting systems. Most business holders understand the fact that accounting ...
Michelle Reynolds's insight:
Outsourced accounts is a term not often used in smaller businesses so what is it & how can it help? The term is used to describe a situation where the business owner realises he/she needs to have greater financial control but has no time (or inclination) to do it. In these circumstances they choose to call in a team of experts to do the work for them. This could include book keeping, payroll, credit control, management accounts & finance director services. The beauty of outsourcing the entire finance function is that the business pays only for the work done as it needs doing, rather than having to employ people in those roles on a fixed salary. It's a cost effective way of getting much needed resource into the organisation at a fraction of the cost. It also means the business can have a more experienced team of people than it might otherwise be able to afford. If you want to know more about how outsourcing your finance function can benefit your business don't hesitate to contact me.
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Tips for Cash-Flow Management

Tips for Cash-Flow Management | Accounts | Scoop.it
Help grow your business by properly managing your money (When it comes to cash-flow management, find out why it's better to seek more financing than you need: http://t.co/rfMTS71paT)...
Michelle Reynolds's insight:
Is your glass half full or half empty? I'm a glass half full person, but when it comes to cash flow management perhaps that's not the best approach?
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Get paid faster with SMS My Debtors - Xero Blog

Get paid faster with SMS My Debtors - Xero Blog | Accounts | Scoop.it
SMS My Debtors sends friendly SMS reminders before an invoice falls due and follows up invoices that remain overdue. (Get paid faster with SMS My Debtors - SMS My Debtors sends friendly SMS reminders before an invoice falls due an...
Michelle Reynolds's insight:
Sending a text message to your customer reminding them it's time to pay you soon. What do you think? Good idea?
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Get Your Cash Faster: 7 Shrewd Tips

Get Your Cash Faster: 7 Shrewd Tips | Accounts | Scoop.it
Cash flow is the most important financial item for a small business owner to pay attention to. Here's how to speed it up.
Michelle Reynolds's insight:
7 ways to speed up cash flow. Cash inflow is defined as the time it takes from accepting a client's order to receiving the cash in the bank. It is not simply the time between invoice date and cash. The less time it takes to process an order, to produce & deliver, to raise the invoice, to collect the cash - all these things will speed up your cash flow. That's why it's crucial to automate processes & improve systems. But there are other ways in which you can bring the cash in faster. This is a great article - enjoy & learn.
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Cash-Flow Matters

Cash-Flow Matters | Accounts | Scoop.it
If there is a single thing, a single activity and a single metric you should care about when building a business (or a sustainable open project – which you should run like a business anyway), it is cash-flow.
Michelle Reynolds's insight:
Sadly this is so true. I see it all the time. Business owners simply do not have a handle on their cash flow. I've created free resources for business owners. No email necessary. All that I ask is that you use them! Get a grip in your cash flow. It's good business. http://www.collaborative-accounts.co.uk/free-cashflow-management-resources/
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Cash Flow Management For Small Businesses - exploreB2B

Fortunately, it doesn’t have to be as hard as it seems. Let’s look at some key points to know and remember about good cash flow management.Get Cash In As Soon As You Can The first step in ...
Michelle Reynolds's insight:
Cash flow management - yes, you hear the words so often that it can sometimes get ignored. And yet we all know that cash is crucial to all businesses. This article includes a few reminders about how you can improve cash flow & keep the business bank balance healthy.
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Square makes accounting easier for merchants by integrating with Xero - Engadget

Square makes accounting easier for merchants by integrating with Xero - Engadget | Accounts | Scoop.it
Square makes accounting easier for merchants by integrating with Xero Engadget Square can make accepting credit cards easy for small businesses.
Michelle Reynolds's insight:
Xero is a great system. It can reduce book keeping time significantly & links with many other systems, many of which are e-commerce based. This is just one example of how it can cut down the time spent entering data. If you want to spend less time processing paper & more time making money, get in touch & we'll arrange a free demo.
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Five top tips for managing cashflow - Business Matters

Five top tips for managing cashflow - Business Matters | Accounts | Scoop.it
There’s a lot of truth in the old phrase, ‘cash is king’. (SQA question; describe methods to solve a cash flow problem.
Michelle Reynolds's insight:
Cash flow. You need it! What more is there to say? The ONE financial report a business owner must use is a cash flow forecast. Sadly I have to say that so few know what they are, never mind use them. If you don't use a cash flow forecast then please, please download this free resource. I don't want your email - I just want you to use the resource. It's essential to your success! http://www.collaborative-accounts.co.uk/free-cashflow-management-resources/
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8 Accounting Mistakes That Are Causing Your Business To Lose Money

8 Accounting Mistakes That Are Causing Your Business To Lose Money | Accounts | Scoop.it
“Accounting is one of the most important aspects of any growing business. Keeping abreast of all the financial developments in your company is difficult but necessary for a lot of reasons. Organizatio…”
Michelle Reynolds's insight:
Having the right information at your fingertips is an essential ingredient in good decision making. Here's an article which explains how to ensure your accounting system works for you.
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5 Ways For Any Small Retailer To Maximize Cash Flow

5 Ways For Any Small Retailer To Maximize Cash Flow | Accounts | Scoop.it
Cash management doesn’t have to cause dread and fear if you are willing to pay attention, forecast and allocate the necessary resources throughout the year.
Michelle Reynolds's insight:
Cash management tips for small retailers.
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What to Do When Cash Flow Problems Threaten to Stall Growth - Huffington Post

What to Do When Cash Flow Problems Threaten to Stall Growth - Huffington Post | Accounts | Scoop.it
What to Do When Cash Flow Problems Threaten to Stall Growth Huffington Post Cash-flow dilemmas like this are common among the product companies I work with.
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A guide to cashflow management for startups

A guide to cashflow management for startups | Accounts | Scoop.it
Managing cashflow well is vital when starting up a business.
Michelle Reynolds's insight:
Great article about cash flow management. Examples from business owners who have taken the time to think about their cash flow & have created a plan to manage it. That's the essence of cashflow management.
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The importance of cash flow - Controlling cash flow for business growth - Chartered Institute of Management Accountants | Chartered Institute of Management Accountants case studies, videos, social ...

The importance of cash flow - Controlling cash flow for business growth - Chartered Institute of Management Accountants | Chartered Institute of Management Accountants case studies, videos, social ... | Accounts | Scoop.it
Cash flow is of vital importance to the health of a business. One saying is: “revenue is vanity, cash flow is san… http://t.co/GoDbe3qam1
Michelle Reynolds's insight:
Very useful article on cash flow from CIMA.
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8 key tips on effective Credit Control

8 key tips on effective Credit Control | Accounts | Scoop.it
At times the most difficult job in business is collecting your debts on time. Unless you are in a trade or profession where payment for goods or services is made upfront, collecting debts is a job ...
Michelle Reynolds's insight:
Good credit control tips.
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A couple of ideas on effective work & cash management

A couple of ideas on effective work & cash management | Accounts | Scoop.it
It can be a tricky thing managing your work & cash management Away from work & cash...
Michelle Reynolds's insight:
Thought this was a useful article - all about balancing your time and making sure you still bring in the cash you need. Good article for freelancers.
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How was January self-assessment for you? Process, systems and the benefits of the cloud - Xero Blog

How was January self-assessment for you? Process, systems and the benefits of the cloud - Xero Blog | Accounts | Scoop.it
Survey of self assessment tax season for UK accountants. ("Tax doesn't have to be taxing" - find out how :P @Xero http://t.co/mJciZx0A1P)
Michelle Reynolds's insight:
The benefits of moving your accounts to the cloud. Less paperwork More time Better information Greater control Improved cash flow
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Revenue Grow and Cash Flow Shrink

Revenue Grow and Cash Flow Shrink | Accounts | Scoop.it
Revenue – is 1) revenue growth stable and consistent, 2) seasonal and volatile, 3) dramatically increasing month over month, year over year or 4) declining?
Michelle Reynolds's insight:
“Sales are up, the business is growing and profitable but cash flow is a headache and a constant fight. The company is struggling to make payroll and accounts payable keep increasing. What am I doing wrong?” I hear this so often. The answer? Good systems, cash flow management & renewed focus on profit over sales. Have a read of this article - it's useful!
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You’re Wasting 10% of Your Profits

You’re Wasting 10% of Your Profits | Accounts | Scoop.it
How to find your profit leak. (#CashFlow: You’re Wasting 10% of Your Profits http://t.co/pEErSpO4AR)
Michelle Reynolds's insight:
Great article about keeping things simple. The more complex an issue, the more costly it can become. Take time to break one big issue into bite sized pieces. It makes things much more manageable, and especially with systems, makes them less costly. It's like the old adage "How do you eat an elephant?". The answer (as I'm sure you all know) - "a piece at a time". Opt for simplicity every time.
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Cash flow king for small businesses

Cash flow king for small businesses | Accounts | Scoop.it
Late payments affect the cash flow, profitability, and growth prospects of many small businesses, so can technology help solve this chronic problem?
Michelle Reynolds's insight:
Technology is a great way of addressing frustrating accounting issues. There is no need anymore to have spreadsheets & piles of paperwork to get through. If you run a small business I would urge you to consider the many alternatives out there for managing your finances and putting yourself back in control of your profitability and cashflow. As a Xero partner I can offer free demonstrations so if you want to have a good look at a modern system (which is just as good if not better than Sage based on my 25 years using Sage) please get in touch.
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Amazon.com: CASHFLOW for Kids: Toys & Games

CASHFLOW for Kids

Product by Rich Dad More about this product
Price: $39.95
Amazon.com: CASHFLOW for Kids: Toys & Games (CASHFLOW for Kids Rich Dad via @amazon http://t.co/h17ghQDd1K)
Michelle Reynolds's insight:
Cashflow for kids. Really? As a business owner what do you think? Good idea or bad idea?
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