We're diving into the essential topic of cashflow basics for small business bookkeeping. If you've ever wondered what cashflow is, why it matters, and how it differs from profit, this episode is for you.
In this episode, we cover:
Why Cashflow Matters: Learn about the critical importance of managing cashflow, from ensuring business survival to navigating unexpected financial challenges and achieving your business goals.
Common Cashflow Challenges: Discover the common cashflow challenges small businesses face, such as paying ourself as the owner, dealing with irregular income, and meeting tax obligations.
Defining Cashflow: Get a clear explanation of cash inflows and outflows and understand the key differences between cashflow and profit.
Components of Cashflow: Explore the main components of cashflow, including operating, investing, and financing activities.
Understanding Cash Inflows: Identify the various sources of cash inflows, such as sales revenue, loans, and investments, and learn strategies to improve your cash inflows.
š Purchase the Bookkeeping Foundation Kit: https://bookkeepingfoundationkit.com
To book a consultation or training on QuickBooks Online, check out my calendar at https://linktree.com/alleaseaccounting
Download my free organization guide for your receipts here: ā https://tinyurl.com/4dm42vavā
Connect with me here:
Support this podcast through a monthly subscription at ā https://podcasters.spotify.com/pod/show/regan-bashara/supportā
Transcript and show notes also available at https://AllEaseAccounting.com/money-through-ease
