5 Cash Flow Forecasting Mistakes That Small Businesses Do

Bank reconciliation is a process whereby you compare your financial cash transactions with those of your business bank account.

The profit and loss statement or P&L statement is one of the main financial statements that your business will generate. It is also called an income statement, statement of earnings.

A balance sheet is also called the statement of financial position. It is amongst the three financial statements that are important, with the other two being the income statement and cash flow

Business reports do not get the recognition they deserve. Used frequently and correctly, they can be indispensable tools for businesses. The root of the problem is that many business owners do not

Enterprise resource planning or ERP is a business management software that focuses on the business processes aspect. ERP is used to manage day-to-day tasks and processes of businesses of every size.

Bookkeeping is the process of storing, managing and retrieving your business’s financial data. Bookkeeping includes all tasks related to recording and pulling out financial transaction information

Cash flow is the net amount that flows into your business and out of your business during a period. This period is usually a month, quarter, or year. Cash flows occur from three major sources;

Cash flow is the real cash that is available in your business. Negative cash flow is when your business is spending more than it is earning in a given period. For example, let us say your revenue was

A Journal Entry records the business transaction on a day-to-day basis. Let’s understand the details of the journal entry & how TallyPrime helps you to record the journal voucher quickly.