KYB Today

                                               

28 Sep Understanding Cash Flow Statements and Why They Matter

Posted at 08:30h in

Business Tips, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

The cash flow statement (CFS) is one of the three financial reports generated by businesses to gauge financial position, health, and efficiency. It details the amount and timing of cash flowing into and out of a business, and uses data from the profit & loss (P&L) statement and balance sheet. Today’s post will give you an overview of what the CFS is, what you’ll find in the report, and how you can use it for making smarter business decisions.

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20 Jul Business Owners' Guide to Understanding Income Statements

Posted at 08:30h in

Business Tips, Bookkeeping & Accounting

by KYB Blog  •  0 Comments

An income statement (also commonly known as a profit and loss [P&L] or earnings statement), answers a very important question: Is your company profitable? The accuracy of your P&L is critical to ensuring your business is running as efficiently as it could be and to identify opportunities for increasing revenue and/or decreasing costs.

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16 May Better Accounts Receivable in 3 Simple Steps


Business owners know steady cash flow is critical to long-term survival. When owners struggle to collect payments, they have less cash on hand to manage operations, pay employees, or take care of other incurred expenses.

While collection problems are common for small businesses, employing some simple strategies to strengthen accounts receivable policies, practices, and technologies can have a dramatic impact on decreasing missed or late payments.

Here are three strategies to help you get paid by your clients more quickly and easily:

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16 Nov Are My Employees Stealing From Me?

Posted at 06:00h in

Business Tips

by Becky Brown  •  0 Comments

“My employees? Stealing from me? It couldn’t happen here…”

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26 Oct What Restaurant Owners Should Know About Managing Cash Flow

We’ve worked with a lot of restaurant owners here at Keeping Your Balance, and we’ve learned that restaurants are really somewhat unique in the business world. For starters, there are these pesky statistics about the success / failure rate of restaurants. Although some absurdly inflated percentages are often bantered about, the real numbers are bad enough. According to a report by Cornell University, no less than 60% of restaurants fail within their first year of operation, and by five years, that number increases to 80%.

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