Heyward CPA PLLC In this episode, we talk about what value means to your small business. Value is the total worth of a product or service. Value is determined by the benefits that a customer derives from it. But what does this mean for you? For your small business? Value is fair return on Goods or Services. Relative … Read more
Cash flow is one of the most important aspects of any business operation. It is the lifeblood of any organization, and its effective management can be the difference between success and failure. In this blog post, we will explore the power of cash flow, how to understand it, measure it, and leverage it for maximum … Read more
“I don’t know” is a phrase that few people will admit to saying. This can be due to fear, embarrassment, or the fear of not being able to answer a question. However, this phrase should not be taken negatively. In fact, it should be seen as liberating, as it is a way to cut through the clutter when you do not have an answer a gateway to learning what needs to be done for your business.
The March 15th deadline is approaching and businesses are paying attention to LAST YEARS financial results. In the episode, we discuss how Client Accounting Services (CAS) are essential for business owners to achieve their goals in the current year.
When I ask business owners about their AR, they normally respond with either, “We invoice our customers.” or “We collect payments on a regular basis.” I’m always glad to hear those responses. However, when I ask, “What is your accounts receivable turnover?” or “How many days does it take for you to collect?”, the business … Read more