Nearly two months ago, I shared why web design companies face cash crunches. Today I’ll show you a demo on how you can do that with ProfitBoard: Our cash flow management app for web design businesses.
Hope you will like it.
Please let me know what else you wanted to cover next.
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Profits are defined as revenue fewer expenses. They may also be referred to as net income. Cash flows, on the other hand, refer to the inflows and outflows of cash for a particular business. Bringing in profits does not always increase cash instantly and incurring an expense does not always reduce cash instantly. Continue reading “How Profits and Cash Flows Are Different?”
Before moving to accounts receivable management first, let’s find out what’s the definition of accounts receivable management.
Accounts receivable referred to as the collection of due payments or credit sale payments a company or business owed to its customers. Continue reading “8 best ways to turn accounts receivable into cash”
First, you should treat your web design and development company like any other startup. Focus on using similar strategies. Continue reading “How to market your web design company’s business with any budget?”
Business owners most of the time feel the need of an accountant at the time of tax filing. But do you an accountant can add more value to your business.
Continue reading “How can an accountant add value to your business?”
Under this GST regime, it’s mandatory for every business to register them under GST. Currently including GSTR-3B companies have to file three other returns i.e. GSTR-1, GSTR-2, and GSTR-3. Continue reading “All you need to know about GSTR-3B Filing”
Having a creative idea can’t only help a startup to grow. The one & only aim or goal of every startup business is to grow financially also to maintain financial stability throughout its lifetime. But the path to achieving this goal is not that easy for startups.
Continue reading “Top financial challenges faced by startups & ways to overcome”
Project budgeting is the process of allocating or assigning a cost for a particular project. This cost includes all expenses need to run the project like new equipment purchase, employee costs, average delay costs, operating cost etc.
Continue reading “Best tips to create your project budget”
Financial statement analysis can be referred to as the analysis of financial reports like balance sheet etc. This analysis can be done quarterly or annually as per the business requirement. It helps to assess the past, current & future financial situations of the business.
Continue reading “Financial Statement Analysis”
Cash flow and revenue are very necessary for a small business as it shows the health status. Cash flow & revenue both are different so never take both of this as equal. Revenue shows how the business performs and sales
Continue reading “Difference between cash flow & revenue”
An investment center is responsible for the growth in revenue of a business or entity through various investments in capital assets. Continue reading “What is Investment Center?”
Ending inventory estimation is a difficult task to carry out. Ending inventory is the amount of ending units of inventory at the end of a month or fiscal year.
Continue reading “What is Estimating Ending Inventory?”
We all know that an invoice is raised for the product or service rendered by a business. But do you know a simple invoice can help you to generate more sales for your business?
Continue reading “How can an invoice help to get more sales?”
Income tax form 16 is issued by an employer to its employee as a proof of the amount deducted as income tax has been deposited. Income tax form issued on annual basis i.e. every year on or before May 31st.
Continue reading “What is Income Tax Form 16?”
Budgeting is the backbone of every start-up. Foresee cash crunch before get sunk in the debt ocean. From simple to complex budgeting do everything with ease. Budgeting can save your business from sinking in debt burden.
Continue reading “Smart Tool to improve your budget”
A pledged asset is can be referred as the loan risk decrease asset. It helps lenders to decrease the debt risk so that he can provide service with minimal risks involved.
Continue reading “Pledged Asset”
Cash Flow forecast is the process of cash income & expense projection. A business must project cash income & expense for smooth business functioning and to be always ready with cash in hand for any unexpected hurdles.
Continue reading “Cash Flow forecast”
Cash flow statement represents a company’s cash handling capacity. This statement shows how a company manages its cash, where its generating revenues to fund operating expenses like salaries, rent expense, asset purchase expense etc.
Continue reading “Statement of Cash Flows”
Why companies or say start-up companies need a fully fledged budget plan to successfully run their business? But the question is why? What will happen if they just spend money on priority expenses without following any plan?
Continue reading “Why is budgeting a key to small business success?”
Fair market value is the standard or fair market price of a property at the time of selling or auctioning in the open market.
Continue reading “Fair Market Value”
Static Budget can be defined as the budget which never changes irrespective of the actual result. For example: If the operating expense goes above fixed amount then also this budget will not change.
Continue reading “Static Budget”
Social Security tax is levied on citizens of United States by United States Govt. Under Federal Insurance Contributions Act.
Continue reading “Social Security Taxes”
Memo entry doesn’t have any effect on general ledger, journal or balance sheet as it’s not recorded in these accounts.
Continue reading “MEMO Entry”