Category: Accounting & Bookkeeping
Debt Management for Business Owners
November 20, 2023 | Barton Walter and Krier
Some of you may shudder when you hear the word “debt,” but if you’re a business owner, chances are you know that debt is often necessary. And it doesn’t have to be a bad thing. Taking out a business loan is a common and useful tool for funding a business, especially in its early stages. The trick is managing your debt wisely so that it never grows out of control or otherwise hinders your operations. In today’s blog, we’ll explore strategies of debt management for business owners. How Do Businesses Accumulate Debt? Before we examine how to manage debt, we need to understand how and why businesses accumulate debt in the first place. As a business owner, you may use debt financing for a variety […]
Read MoreHave a Cash Flow Blueprint for Your Business
November 8, 2022 | Barton Walter and Krier
Sure, you want your business to succeed. A big part of that outcome involves keeping your operation running each day. To do that, you want to have a cash flow blueprint for your business. Keep reading to learn why this is important and discover helpful hints to control capital. What Comes and Goes While cash flow may not necessarily reflect a company’s success, it is crucial to the day-to-day enterprise. Cash flow reveals the actual money moving in and out of a business — what you’re earning versus spending. And the process is a give and take. What comes in: This is incoming cash from customers or clients purchasing your company’s goods or services. If invoicing is involved, your cash flow statement will indicate cash […]
Read MoreHelp Ensure Solid Financials
October 18, 2021 | Barton Walter and Krier
When it comes to your financials, you want to make sure your bases are covered. And there’s a lot to consider. To make things easier, the premier accounting and tax specialists at Barton, Walter & Krier offer tips to help ensure solid financials. Financial Framework You got into business to do more than survive – you want to grow and be successful, right? Having a solid financial plan is key to all of this, and managing that plan is just as crucial. Taking charge of finances is at the base of everything you’re hoping to build, and we’re here to help with some of the basics for building a strong financial foundation. Have a Plan Your clear and detailed business plan will keep you focused […]
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