How to Measure Net Cashflow
Cashflow is the lifeblood of any business. If the speed you collect cash owing to you is slower than the rate you pay it out to your suppliers, you are going to find it increasingly difficult to find the money to pay your suppliers. Unless this is rectified, you stand a good chance of going […]
Critical Financials for Business Explained
Many Owners overlook the vital business health information available by an analysis of your financials It all sounds too hard so keeps getting put off till “later” But your profitability and cashflow is easily monitored for adverse trends Accounting terminology differs between countries and even between accountants. Use our accounting terminology translator for unfamiliar terms […]
How to Track progress with Fever Charts
Very often we would benefit from some visual method of alerting us to the fact that some process is becoming critical and needs our attention. One such visual aid is a “fever chart”.
Accounting Reports: TrendBoard User Manual
Release the hidden information in your accounting reports. This is a manual for using the 12Faces TrendBoard. The use of TrendBoard is designed to be self evident once you have used it once or twice. This manual will help you get started. If you continue to have difficulties, please go to either: The Resources Menu […]
How to Improve Cashflow Acceleration
A healthy cashflow is a major contributor to your business’s ability to survive and grow. Do you want to harness the power of your cashflow to grow your business? Are you struggling to pay bills when they fall due? Speeding up cashflow can help with both these goals. Cashflow Acceleration discusses how you can accelerate your cashflow to improve the health and growth rate of your business. Yellow Belt
Gross Profit Margin Analysis Boosts Profit Explained
Gross Margin Analysis opens the door to understanding the complex interactions between Revenue, COGS (Cost of Goods Sold or Operating Expenses) and Gross Profit. It can be hard to understand why (e.g.) Revenue is going up but Gross Profit is going down! Gross Margin also lets you measure the operating efficiency of your business and points out which components of your COGS may be declining in efficiency. Bottom line, an improving Gross Margin is a good sign for improving profitability in your business. Yellow Belt
Management Accounting Suggestions
In this article, we discuss some of the common improvements that can be made to small business management accounting bookkeeping systems to make them more useful for management accounting and performance measurement purposes. The usefulness of many of the tools and discussions in 12Faces rely on the quality and nature of the small business management […]