balance sheets

The Four Cash Flow Forecasting Blunders That Lead to an Inaccurate Financial Picture

Cash flow forecasting is a powerful tool for businesses of all sizes. To make it all the more effective, avoiding these common mistakes is crucial. Making projections can be incredibly beneficial for controlling the financial situation in a business. Because of this, financial reports are the most important aspect of company accounting.  The forecast serves …

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Cash Flow vs Profit: What’s the Difference and Which is More Important?

It’s the age-old debate: cash flow or profit? Whilst the two are undoubtedly related, they are certainly not the same thing and business owners must often sacrifice one at the expense of the other. In the long term, a business needs both positive cash flow and profits to continue operation, but which one should entrepreneurs …

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Why Do Systems Fail? (And Five Things You Can Do to Build More Resilient Systems)

Systems run businesses. But like anything else, they require constant maintenance since there’s no such thing as a perfect system. Systems fail all the time. It’s not a comforting thought, but it’s the truth. But that doesn’t mean that you can’t fix, optimise, or change them. Have a look at the following problems that are …

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The Four Killer Distractions That Reduce Productivity

Optimising the workflow isn’t always as straightforward as it seems, with inevitable distractions frequently present in the background. Here are some of the worst offenders in that regard. Every business strives to make its processes as efficient as possible. However, there are various distractions in the workplace that can be unavoidable. Some can be latently …

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Everything You Need To Know About Balance Sheets

The Balance sheet is one of the three fundamental financial statements and is key to both financial modelling and accounting. The balance sheet displays the company’s total assets, and how these assets are financed, through either debt or equity. It can also be referred to as a statement of net worth, or a statement of financial position. The …

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