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    Red Flags That Prompt An IRS Audit For Small Business

    While small business audits are less common than those for both individuals and larger corporations, studies indicate audit rates are on the rise, and according to the IRS, small businesses are the largest source ...

    Reading a Balance Sheet: Liabilities in a Small Business

    Much like how a company’s assets are broken down into subcategories, liabilities are segmented as well. Usually, liabilities are divided into two major ...

    Reading a Balance Sheet Part 2: Intangible Assets

    As you move further down a balance sheet, there are additional assets that are recorded in certain situations. Moving past line items such as cash and ...

    Reading a Balance Sheet Part 1 : Common Assets

    As an overall snapshot of a company’s financial health, the balance sheet provides insight into a business’s various assets, liabilities, and ...

    3 Tips to Lower Days Sales Outstanding and Boost Cash Flow

    Cash is king and critical to your survival. In many cases, improving cash flow is as simple as making small changes to collections processes, but in the ...

    Cash Flow Best Practices - Prioritizing Accounts Payable

    In real estate, the age-old mantra is location, location, location. For growing businesses, it’s cash flow, cash flow, cash flow. Timing is a critical ...

    Are Paper Checks a Thing of the Past?

    A recent article featured on the Proformative Website explores the possibility of the extinction of paper checks in the near future. The article cites the ...