Cash flow forecasting is the go-to answer for planning your business finances and reducing your risk of running out of money. In this article, we explore how the cash flow forecast can be misleading and hiding the real issues. We show you how to spot the problems and start analysing your true profitability in order to make a more secure and capable business.
Ever wondered how a business can be profitable but run out of cash? In this article, we cover what is cash and profit and what it means for the health of your business…with examples!
In this article, we tackle the concept of bad debt – what it is, how to prepare for it, and what to do when things start spiraling out of control. Not every business will experience bad debt, but those that do will certainly know about it when it happens! Check out what to do when the worst happens in our article.
Got a fancy new asset and not sure on the best way to depreciate it? What even is depreciation? In this article we’ll look at the popular depreciation methods with examples and formulas so you can work out the best method for you.
Welcome to part 1 of 3 in this “Accounting Crunch” series. In this series, we’ll be covering debits & credits, double-entry accounting and T-accounts. Each part will consist of one topic. In this part, we’ll be covering debits and credits!
A profit and loss statement, also called an income statement, shows the revenue and expenses of a business, broken down into categories. This week we’re going line-by-line through an example of this report, introducing the key concepts of the P&L.
Operating profit is one of the most important lines on the profit and loss (income) statement. In this article, we explain what it is and why it’s so important with examples, formulas and definitions.
Struggling with all the different types of profit in the profit and loss report? Well in this article we break down and demystify gross and net profit. We’ll also explain what they mean for business and give some handy tips on how to improve them.
New to the profit and loss statement? Getting confused with all the terminology? Well, fear not! In this article, we break down net profit and revenue and compare the differences. You’ll be a revenue and profit wizard in no time!
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