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Profits and cash flow often tell different stories, largely due to the nuances of accounting and the timing of transactions. In accrual accounting, we recognize revenue and expenses when incurred, not necessarily when cash changes hands. This can lead to significant timing discrepancies between reported profits and the actual money available. For instance, non-cash [...]

Financial forecasting empowers businesses to strategically plan for the future by analyzing historical data and applying quantitative methods to predict economic outcomes. This process involves setting clear revenue targets and meticulously planning expenditures to align with those goals. By examining economic trends and modeling various future scenarios, companies can create accurate projections and make [...]

In today’s fast-paced business world, timely and accurate financial insights are crucial for making sound decisions and maintaining investor confidence. A lack of up-to-date financial data can lead to missteps that not only jeopardize strategic planning but also risk alienating investors. Cash flow challenges often reveal underlying issues in financial management or tracking accuracy, signaling [...]

Today we’d like to introduce you to Dorothy Korbe. Dorothy, let’s start with your story. We’d love to hear how you got started and how the journey has been so far. I have been doing accounting work for years, the result of following in the footsteps of my single mother. She was an accounting [...]