Tag: accounting

Would you drive your car on the interstate without a speedometer, gas gauge or a clear windshield? Reviewing your monthly financial statements to understand your organization’s financial health is like watching the gauges to ensure you are staying on track. So, how do you do it? Keeping a financial grip…

This story is all too familiar. An energetic entrepreneur works and works to save money to start a business.  Their nest egg builds and the dream is coming closer to reality.  Friends and family contribute.  The equipment is purchased.  The employees are hired and the restaurant finally opens. And six…

Or is it? If you’ve been around business for any length of time you’ve certainly heard someone say “Cash is King.”  But, is cash flow really the primary measure of the financial health of a business? One thing is for sure, if you understand the historical cash flow statement you…