Welcome to the Cash Flow podcast with your host, Pam Prior. In this insightful episode, we tackle a common entrepreneur's dilemma: why doesn't cash flow always mirror profit? I'll walk you through three essential steps to align your business's profit with its cash flow, in a way that's easy to understand, even if you're not a finance expert.
🔹 Step 1: Balance Sheet Basics - Learn the crucial aspects of your balance sheet and why regular reconciliation is key to reflecting your true profit.
🔹 Step 2: Expense Examination - Uncover hidden expenses that might be chipping away at your profits and learn how to optimize your financial health.
🔹 Step 3: Beyond Profit and Loss - Decode the intricacies of accrual basis bookkeeping and manage your cash movements effectively to match your reported profit.
Disclaimer: The content in this podcast is for informational and educational purposes only and does not constitute financial advice. Please consult with a financial professional to determine what may be best for your individual needs.
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