Cash flow analysis is an important aspect of a company's financial management because it reveals the cash it has available to pay bills and invest in its business. The analysis goes beyond accounting ...

In the last installment of this series we focused on the income statement. We looked at the various components of it and some examples of income statements. Recently, a number of contractors have ...

In the “Understanding Financials: Your Income Statement” column, we learned that the accrual-basis method of accounting is based on the economic activity of the business, and that this preferred ...

Find out what to include in a cash flow statement, as well as its limitations and how cash flow is calculated.

Add Yahoo as a preferred source to see more of our stories on Google. Just about everyone has heard the phrase " cash is king" in investing. That's true for business finances, too. A simple definition ...

Companies generate financial statements to obtain a comprehensive view of performance, strength and stability. It is important to look at all three financial statements -- the income statement, ...

Collect payment on completion of the work. Accept credit and debit cards. Offer a discount for early payment. Require down payments on larger jobs. Negotiate payment terms with your suppliers.

As business owners, we all know it’s true: Cash is king! Without it, your business couldn’t survive. That’s because you need cash to operate and grow your business. How else will you ensure you’re ...

Managing when money goes out versus when it is coming in is something that small businesses have to work at; rarely does it simply happen. It is an unfortunate fact of life that small businesses ...

A good business plan is an entrepreneur’s best friend. It’s an indispensable document, and every section matters, from the executive summary to the market analysis to the appendix; however, no section ...

A credit card sale is not the same thing as a credit sale. When you are paid with a credit card, you've been paid, and you can count the money as yours. Accepting a credit sale says you haven't been ...