TLD Bookkeeping & Tax

08/29/2023

Here's a must read article on the 5 biggest causes of cash flow problems!
https://www.pnc.com/insights/small-business/manage-business-finances/biggest-causes-of-cash-flow-problems.html?utm_source=facebook&utm_medium=new+business&utm_campaign&utm_content=ap_1ckkl3vboh

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Cash flow management can be a headache for small business owners. Developing a plan for common cash flow issues can help you avoid them.

08/25/2023

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08/24/2023

Check out this article that talks about how to read and understand a cash flow statement.
https://online.hbs.edu/blog/post/how-to-read-a-cash-flow-statement?utm_source=facebook&utm_medium=new+business&utm_campaign&utm_content=ap_a3v2y5o0q6

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Learning how to read a cash flow statement can enable you to gain valuable insights into the financial health of a company and make smarter business decisions.

08/23/2023

In short, no. However, it does measure the inflows and outflows of the income that you make with your business.

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08/22/2023

We want to hear from you! Let us know what your business is struggling with and we can supply the help you need to get your business back on track!

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08/21/2023

Here are 10 things you can do to improve your cash flow:
1. Consider leasing instead of buying – it can save you a ton of upfront costs.
2. Wanna give your customers a little nudge to pay early? Offer sweet discounts for prompt payments.
3. Play it smart with your customers – run some friendly credit checks to ensure smoother transactions.
4. Join forces with others in a buying cooperative – it's like a win-win for all parties involved.
5. Time to level up your inventory game – streamline it and keep only what you really need.
6. Don't wait around, send those invoices pronto – the faster they go out, the sooner you get paid.
7. Say goodbye to old-school payments – embrace electronic payments for quicker and hassle-free transactions.
8. Negotiate with suppliers and aim to pay less – every penny saved counts, right?
9. Park your extra cash in high-interest savings accounts – watch it grow while you sleep!
10. Feeling confident about your value? Go ahead, consider a pricing increase – just make sure it matches your worth.

08/18/2023

Cash flow is important because it measures the health of your business. Cash flow is a big deal when it comes to your business's well-being and ultimate triumph – even more so than revenue or profit. Wondering why? Well, let's break it down. Without cash, you're stuck in a tough spot – bills go unpaid, inventory remains out of reach, rent stays elusive, and investing in your business's future seems like a distant dream. Not to mention, the day-to-day operations just can't go on without a steady inflow of cash. So, having money in the bank is vital to keep things running smoothly, stay afloat, and dodge unnecessary debt. Let the professionals help your business get and stay healthy!

We know what to do!
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08/17/2023

Here's an article you'll want to read if you're having some cash flow problems and some tips you can use to solve them!
https://www.business.com/articles/cash-flow/?utm_source=facebook&utm_medium=new+business&utm_campaign&utm_content=ap_uuri7515og

If you have any questions,
Call Us: 843-509-7466
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Cash flow is critical for businesses, so managing it is key. Here's how to improve your business's cash flow situation.

08/16/2023

Some effective strategies to create cash flow is:
1. Engage in negotiations for quicker payment terms with suppliers and clients.
2. Implement incentives and penalties to encourage timely customer payments.
3. Regularly review and optimize accounts payable terms.
4. Identify and eliminate unnecessary expenses to streamline finances.
5. Evaluate the feasibility of leasing options as an alternative to outright purchases.
6. Analyze cash flow patterns to identify trends and potential improvements.
7. Create and maintain a cash flow forecast for better financial planning.
8. Explore the option of invoice factoring to expedite access to funds.

If you want to learn more,
Call Us: 843-509-7466
or Email Us: [email protected]

08/15/2023

Don't forget to email our team, so we can keep you up-to-date on all the tax and bookkeeping information that you need to run your business at its' best!

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08/14/2023

The answer to this question is, it's not really either. Whether your cash flow is profitable or not depends on the inflow and outflow of your money. Your cash flow statement will be able to show you if your business is profitable or if its not profitable.

If you want to learn more,
Call Us: 843-509-7466
or Email Us: [email protected]