Management accounting

Prioritize on operating cash flow instead of profit as a new business owner.

Why Operating Cash Flow Matters More Than Profit: A Guide for New Business Owners

Financial planning, Management accounting / By

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 …

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ApprovalMax provides Xero with powerful approval-driven financial controls for Accounts Payable and Accounts Receivable. These controls help prevent errors, duplicate payments, fraud, and unnecessary spending.

What is ApprovalMax and how can it benefit small businesses?

Accounting, Management accounting / By

In small businesses, efficient approval processes are crucial for maintaining financial control, ensuring accuracy, and establishing robust audit trails. This is where ApprovalMax comes into play. ApprovalMax is a powerful cloud-based solution designed to streamline and automate approval workflows for small businesses. It integrates seamlessly with popular accounting software like Xero and Quickbooks, providing a …

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Certified Management Accountant provides added value to business

What benefits a certified management accountant brings to your business?

Financial planning, Management accounting / By

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 …

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It is essential to calculate the value and payback period of business investment.

How to calculate the value and payback period of business investment?

Management accounting / By

When a business invests in a new piece of machinery, this is known as a capital expenditure. It is vital to every business to ensure that their capital expenditures, especially if they represent a major investment, create value instead of destroying value. The systematic process of identifying, analyzing, and selecting the best investment is called …

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