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Bookkeeping Coach LLC

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Bookkeeping Coach: A recession is coming: What to know

A recession is coming: What to know Newsletter The talk of a recession makes many business owners uncomfortable, as economic downturns put a strain on small businesses. Especially, for small businesses that are still recovering from the pandemic. Recessions put a financial strain on businesses because they tend to see their sales levels shrink from past performance, forcing many to downsize their payrolls and start cutting expenses. However, there are a few ways for business owners to prepare...

Newsletter Tracking money in and out of your business may seem simple, but it can become complicated. A company’s cash flow helps evaluate its overall financial health. Knowing how cash flow affects your business can be just as important as finding the right management strategy. Cash flow is divided into three different types. This type assists business owners in tracking how money affects their company and its overall health. If you can accurately project your cash flow, you can make sound...