Everyone who works in finance quickly discerns the value of cash. It doesn’t take a genius to figure out that cash is what keeps your business alive. Some people might even say that cash is king. What isn’t always clear is that there are many different ways to understand how cash affects your business.
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Just another set of UI improvements, performance improvements and bug fixes. But the exciting part, as always, is that we have released a few nice features you might find interesting.
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One way of measuring the profitability of your company is to take a big picture look at your company’s finances. This type of examination usually comes at the end of the year as you examine annual budgets, spending goals, and discern the overall profitability of your company.
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If you’re wondering what spend culture is, you’re probably assuming it’s just another buzzword from the corporate world. And that may very well be true, but the concept is an important one nonetheless.
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When it comes to talking about the best accounting practices, it’s easy to focus on the numbers on the page. The numbers are constantly changing and moving, and at some point it’s your job to make sure the numbers end up in the right place. However, if your business carries physical goods and keeps them in stock, your numbers are representing these real physical goods. Just because your numbers end up in the right places doesn’t mean your physical goods have.
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The future is always uncertain — but what really counts is figuring out just how uncertain it is. Put another way, what matters most is accurately assessing all possible risks coming at you from all angles.
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Most of the available advice on procurement is aimed at large companies with hundreds of employees. While there might be some pieces that are helpful, most of that advice pertains to systems and issues that don’t arise in medium sized companies.
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