Greetings!
Time for your business checkup - see the article below for the second part of our 3 part series on Cash Flow - The Pulse of Your Business.
ECL Consulting, LLC's Business Coaches work with business owners and managers in the areas of business management, administration and strategic planning to maximize the potential of the business and help owners realize their dreams. By coaching you through every vital part of your business, we help create the plan, inspired action and measurable results to achieve your vision. |
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Cash Flow: The Pulse of Your Business |
Part 2: Cash Flow Verses Profit
Profit and cash flow are two entirely different concepts, each with entirely different results. The concept of profit is somewhat broad and only looks at income and expenses over a certain period of time, say a fiscal quarter. Profit is a useful figure for calculating your taxes and reporting to the IRS.
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Getting Organized
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As a small business owner you wear many hats. With all the rewards and responsibilities of ownership, it's no wonder that paperwork often falls to the bottom of your list, along with organizing your office, work flow and schedule.
If you want to eliminate misplaced paper files, know exactly where you put that document on your computer, have a clutter-free pathto your desk, and remember important deadlines and appointments every time, contact us to put ECL's Organizing Solutions to work for you!
Better yet - call us BEFORE you get stuck to free up your time & start saving money! |
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Ask An Expert |
 Q: I own a 2 1/2 year old business. To this point, I have not taken a salary, but only drawn money when I really needed to. I have been advised to record in my financial records that I was actually making a salary over the past 2 1/2 years. Should I take a salary? A: Click Here
Ever have a tax, QuickBooks or accounting question, but didn't know who to ask? Now you can Ask An Expert. Send us your question and we'll answer it here. |
