As a business owner, creating realistic and accurate financial projections is crucial for success. Financial projections are estimates of future financial outcomes, including revenue, expenses, net profit, and cash flow. These projections are an essential component of any business plan, as they help to guide decision-making and ensure that the business is on track to […]
Why Realistic and Accurate Financial Projections Matter? Read More »
As a new business owner, it’s important to understand why operating cash flow matters more than profit. In this guide, we’ll explore the reasons behind this and how financial projections can help you identify potential liquidity issues ahead of time. Plus, we’ll explain why it is important to work with an expert financial modeler to
Why Operating Cash Flow Matters More Than Profit: A Guide for New Business Owners Read More »
A prerequisite for every business is to maintain a sound business plan that includes meaningful financial projections. This is especially important for startup companies since their failure rate in the first year of operation is extremely high and #1 reason for failure is the startup ran out of cash. Financial projections help companies get insight
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Not every accountant is the same. Certified Public Accountants (CPA) and Certified Management Accountants (CMA) provide distinct services. The difference between the two is not widely understood outside of the accounting profession and established companies. While CPAs or financial accountants are primarily focused on maintaining your financial records, CMA’s core task is to provide management
What benefits a certified management accountant brings to your business? Read More »
Key reasons why you need a business plan for your startup 1. A roadmap to success To succeed in today’s competitive environment, you need a sound business plan and solid execution capabilities. A critical step is to develop a thorough understanding of your competitive environment and to identify the key drivers that will determine your
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Long-term assets, also known as non-current assets, are used to produce goods or to supply services, rentals, or administrative purposes. They can be tangible or intangible and are expected to benefit the company for over one year. The most common long-term assets for SMEs are: This article explains how long-term tangible assets can be depreciated
How to choose between straight-line depreciation and accelerated depreciation methods Read More »
