Possible Promise Financial

Don’t Forget: Gain Control Over Your Business’s Cash Flow — Event Happening This Monday!

Published 8 months ago • 1 min read

On Monday, I'll be going live to talk about the importance of knowing where your business's cash flow is going.

Whether you're a solopreneur working on your business on the side, or a six-figure business with multiple employees, it's vital to manage your cash flow and know where every dollar is going.

Otherwise, you could be in for an unpleasant surprise when an unexpected tax bill comes around, payroll is larger than usual, or theres an infrequent expense you simply forgot about.

And even more than that, knowing where your cash flow is going allows you to prepare for the future and work towards your financial goals.

If you'd like to feel more in control over your business's cash flow, join me on Monday at 6Pm US Eastern. You can either watch on Facebook, or if you'd prefer, you can register to watch the meeting on Zoom.

Click Here to Check Out the Event on Facebook

Or Register for the Event on Zoom

In support of your vision,

Possible Promise Financial

Read more from Possible Promise Financial

Well, it's been a while since my last blog post. I've been busy with end-of-year preparation for clients, not to mention going back to school to pursue a degree in accounting. I recently wrote a research paper for one of my classes that I thought would be perfect for this blog. The paper examines whether the four-day work week has as many advantages as commonly reported. My research surprised me, to say the least, so I hope you find this post informative. Click Here to Read the Post In...

about 1 month ago • 1 min read

Many business owners get burned out, putting endless time, energy, and resources into their business, but barely drawing a profit for themselves. That’s not to say the business doesn’t make a profit, but it’s common to simply want to reinvest that profit back into the business, believing that such is necessary to sustain steady growth. In this blog post, I discuss why it’s actually just as important that you withdraw a healthy profit from your business. Your business should serve you just as...

5 months ago • 1 min read

There’s more to bookkeeping than tracking income and expenses. Things can get a bit complex, especially when dealing with accrual-based methods, which involve recognizing expenses and revenues after, or even before, cash actually changes hands. Sometimes you want to prepay for an expense up to 12 months in advance, maybe to lock in a discount, or simply because that’s what the vendor requires. In accounting this is called, appropriately, a prepaid expense, and it requires special handling. So...

6 months ago • 1 min read
Share this post