Understanding Finances from Business Performance Indicators

Our first step in developing My Business Manager was to plan what we thought were the critical management reports that business owners need; Profit and Loss These are the trading reports that tell you if you made a profit or a loss in any period. Monthly, Quarterly, Six Monthly or Yearly. We recommend Monthly but recognize that if you aren't already getting...

How Cash Flow Forecasts Can Help to Get Your Customers To Pay Faster

First, let’s take a look at your cash flow forecast. Cash flow forecasts are like a calculated guess. It may or may not actualize. However, it’s important that you have a cash flow forecast as it will help you “see” how your business will fare through the next 3 months, 6 months, or the next year. (more…)