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Category Archives: Atlanta Bookkeepers

The Power of Cash Flow Management

The Power of Cash Flow Management

If you’ve been keeping up with our newsletter and blog (thank you!), you know how excited we are about two big announcements: Our name change to SBS Accounting & Advisors and our new advisory services division.

Our advisory services division is designed to expand our role as your trusted advisor by providing deep financial analytics and next-level plans to help you dream big and reach the path toward realizing your potential and experiencing long-term growth.

Cash flow management may be the most important factor, especially for many of our clients. According to a recent Intuit report on cash management, 66 percent of small business owners said that the largest impact with regard to their cash flow is the time it takes their receivables to process after receiving a payment. The other 34 percent reported that the issue is not getting paid by customers or clients within the terms of their payment system.

These are two major issues we see every day. To help, our new advisory services division works hard to ensure these problems don’t deter you from your goals and aspirations.

Cash Flow Management: Powerful Solutions to Your Everyday Needs

Many business owners overlook cash flow, or simply let it go over their heads and do nothing about it. Often, some just look at their online bank balance when making purchasing decisions and wonder why they later experience regular cash crunches. This is a vicious cycle that can cripple a business, and at the very least, keep it from growing.

When experiencing a cash shortage, your first instinct is to try to sell more or delay paying vendors, waiting for cash to build back up. This is a bad strategy!

At SBS, we help you know when you can expect a cash shortage and make sure you avoid it. Over time, as we help you take control of your spending and learn to think proactively versus reactively, you will begin to build reserves. For those in a position where they don’t experience regular cash shortages, we can help you build your cash reserves and strategically plan for future growth.

Bottom line: cash is king. Until you learn to manage cash flow, you’ll never be able to really grow your business.

Next Steps: What We Do for You

At SBS, we study your data, take actionable steps, and provide you with real solutions to ignite business growth and reach your true potential. In this process, we take a systematic approach, making sure we’re there for you every step of the way.

With cash flow management, we start by meeting with you to discuss your cash pain points and goals. Then, we build a cash projection that uses your recurring data from your accounting file, so that we don’t have to take any more of your time than necessary.

Next, we incorporate our findings into a projection of your goals, and any upcoming income or expenses that are non-recurring or not yet accounted for. Best of all, we meet with you each month to review your past performance, update your projection, and plan for the future month and beyond.

Ready to Tap Into the Power of Cash Flow Management? We’re Here to Help!

As you can see, cash flow management is integral to small business success. Not yet convinced? Imagine if you could make a purchase with the peace of mind knowing that you truly have the money, or even better yet, it is an expense that you had planned on making that month. That’s the power of cash flow management.

Ready to tap into the power of cash flow management, or have any questions? Feel free to contact us today, and you’ll be on your way to taking control of your business and empowering yourself with next-level tools and resources to ignite business growth.

A Trio of New QuickBooks Online Features: Rock Your Workflow and Reduce Tax Time Stress

A Trio of New QuickBooks Online Features: Rock Your Workflow and Reduce Tax Time Stress

Many of you know how much I love QuickBooks Online (QBO). It not only has next-level solutions to your everyday needs, but also comes with tons of powerful tools and resources to ignite business growth. If that weren’t enough, Intuit is always listening to your pain points and recommendations to improve QBO, constantly updating it…Continue Reading

SBS – A Reflection on the Past

SBS – A Reflection on the Past

“Learn from yesterday, live for today, hope for tomorrow.” – Albert Einstein As we prepare for an exciting change as a company (stay tuned – announcement coming at the end of July!), I wanted to take a few minutes to reflect on where we have been as a business, what we have learned and, ultimately,…Continue Reading

What are Advisory Services all About?

What are Advisory Services all About?

Before getting into what advisory services are all about, and discussing my new and exciting role with Sound Business Services (SBS), I first want to introduce myself. I’m Becca Paradis and the lead on advisory services at SBS. For more than a decade, I’ve been honing my skills in reporting, annual budgeting and planning, and…Continue Reading

A Pair of Powerful Payment Features in QuickBooks Online

A Pair of Powerful Payment Features in QuickBooks Online

If you’ve kept up with our blogs (thank you!), you’ve seen my passion for QuickBooks Online (QBO). Already equipped with powerful tools and resources to make your lives easier and your businesses flourish, QBO truly goes to the next level in delivering the customer experience you ask for and deserve. Intuit makes sure to listen…Continue Reading

Should You Outsource or Keep it Inside Your Company?

Should You Outsource or Keep it Inside Your Company?

As small business owners and entrepreneurs, we tend to want complete control over every decision, task and process. While we wear many hats, it’s simply not possible to be everywhere at once or feasible to handle every aspect of the business ourselves. That’s led to the increasingly popular decision many of us pursue: outsourcing. Knowing…Continue Reading

4 New QuickBooks Online Features: Next-Level Solutions for Your Workflow

4 New QuickBooks Online Features: Next-Level Solutions for Your Workflow

You may have heard me say it before, but QuickBooks Online (QBO) makes a big difference for small business success. Besides providing powerful tools and resources that change how you work, QBO is constantly being updated with new features to not only alleviate stress, but also deliver you next-level solutions to your everyday needs –…Continue Reading

SBS Staff Spotlight: Jennifer Richardson

SBS Staff Spotlight: Jennifer Richardson

Welcome to Sound Business Services’ staff spotlight. We recently interviewed Jennifer Richardson of Sound Business Services (SBS). Here is what she had to say about her role at SBS, the benefits of working remotely and what she does in her spare time. Jonathan Bill: How long have you been at SBS?   Jennifer Richardson: I started…Continue Reading

5 Spring Cleaning Tips for Business Growth in 2019

5 Spring Cleaning Tips for Business Growth in 2019

Before the summer heat and a much-needed vacation, it’s time to spring into action and come up with goals and strategies to make 2019 your best year yet in business. As small business owners, we often have so much on our plate that we tend to neglect shifting our time, energy and focus to actually…Continue Reading

Powering Up Your Profit With This New QuickBooks Online Feature

Powering Up Your Profit With This New QuickBooks Online Feature

You may have heard me say it before, but QuickBooks Online (QBO) is a must for small businesses. Besides delivering powerful solutions to your everyday needs and transforming the way you do business, Intuit is constantly looking to improve the product to provide new features just about every month. The latest addition provides next-level insight…Continue Reading