Why Cash Flow is King (and Queen)
Whether you're running a small business or managing a nonprofit, tracking cash flow is non-negotiable. Cash flow is the lifeblood of your operation—without it, your business might be profitable on paper but broke in reality.
The Mighty Cash Flow Statement
Think of the cash flow statement as your business’s financial GPS. It shows where your money came from, where it went, and what’s left in the tank. Unlike your income statement, which can be a bit of a dreamer, the cash flow statement is brutally honest. It’s the go-to tool for any business owner.
Pro Tip: If you're using QuickBooks Online for bookkeeping, the cash flow statement is just a few clicks away in the Reports section. No excuses. You might find it a bit confusing. Talk to an expert to decipher it.
Budgeting & Forecasting: Your Financial Crystal Ball
Creating a budget is like meal prepping for your money. It keeps you from making impulsive decisions (like buying that office espresso machine). But the real magic happens when you pair your budget with a cash forecast. And yes, there are programs to do that for you to. Check out Fathom.
Outsourcing: Because You Have Better Things to Do
Outsource accounting and bookkeeping to professionals who live for spreadsheets. Whether it’s QuickBooks catchup, accounting services for small businesses, or bookkeeping for nonprofits, outsourcing gives you peace of mind—and more time to focus on your mission.
Bottom Line:
Track your cash. Read your statements. Forecast your future. And if it all feels overwhelming? There’s a bookkeeping service out there ready to help. Contact us today!
