RE: Cash Flow and Accounting

southernman — Tue, 25 Nov 2008 00:05:32 GMT

great article will take this system but convert it to cover each job(i'm in construction) to chart the daily in and out cost of each job...Thanks a Lot.

RE: Cash Flow and Accounting

mikanui — Thu, 13 Nov 2008 01:03:56 GMT

This is a good starting point for new businesses to see whether they are in the green or not. If you don't track what's happening, you will lose track of everything and end up with nothing. It really goes along with your business plan. If you can show that you have a projected revenue stream that seems realistic, (this goes along with your market research and target marketing plans) then you have a great tool to provide your banker or investor to show them as the article says that your not pulling numbers out of the air. You are in fact prepared to account for the true revenue as it pertains to your new or even existing business.

Many times when you have an investor looking at your company they want to see what has been in the past and they want to know if you have a plan for the future. Being able to provide this information in a simple format will make it easier for them to make an educated decision. Do your best to be conservative on your numbers. You don't want to make it seem "to god to be true". This generally scares of investors and bankers alike. Be a close to reality as you can and be prepared to show how you intend to make use of funds to promote your business and grow its revenue stream enough that your company is seen as a "low risk" and not a high one.

Good luck!

Accounting and Budgeting

RE: Cash Flow and Accounting

RE: Cash Flow and Accounting