What Is a Cash Flow Analysis, and Why Is it Important to Your Business?
The cash flow statement is a very important tool for a business entity, utilized to measure the inflows of cash from operations and investments against the cash outlays. It should not be confused with an income statement. The income statement uses accrual accounting to measure income and expenses as they are incurred, not as they are paid. The income statement measures profitability, while the cash flow statement assesses an organization’s liquidity. These are often very different measures. An entity may be very profitable and still be in the unenviable position
The Importance of Synergy Between Finance and HR departments
Your HR team and your finance team might seem as though they couldn’t be further apart–but the truth is, synergy between these two departments might be one of the most important steps your business takes. By creating a great partnership between your HR department and your finance team, you can reap a number of benefits that will substantially impact the way your business operates.
HR and Finance Can Learn from Each Other
Your financial team and your HR department likely have very different goals. While HR is focused on the human
How to Write a Business Plan for Your Organization
Planning is one of the fundamental necessities of human endeavour, especially in the business world. To make your organization successful, you must have clear ideas concerning its overall purpose and capacities, the business environment, including the market, and the goals you wish to achieve. Without a clear written statement outlining concrete goals, the company’s direction and purpose remain unclear, so how can your degree of success be measured and evaluated?
Your business plan should state the organizational-legal structure, describe the target market, offer a description of the products offered, and