Comments on: Cash Flow, take two http://www.technotheory.com/2007/05/cash-flow-take-two/ Time-saving reflections on lifehacking, social media, and technology. Mon, 30 Dec 2013 18:20:21 +0000 hourly 1 http://wordpress.org/?v=3.4 By: Jared Goralnick http://www.technotheory.com/2007/05/cash-flow-take-two/comment-page-1/#comment-1978 Jared Goralnick Mon, 07 May 2007 02:15:04 +0000 http://www.technotheory.com/2007/05/cash-flow-take-two/#comment-1978 Thanks, Denise. Yet another thing to discuss with the accountant (or maybe I should read your book!). It's funny how the more I master QuickBooks the more I run into reporting needs that it simply does not meet. (Another favorite pain is how hard it is to report on the profitability of individual employees.) But, at the same time, running into these hurdles and solving it in other ways is better than not being able to understand what challenges lie ahead at all. Some day I'll figure this all out. Thanks for writing! Thanks, Denise. Yet another thing to discuss with the accountant (or maybe I should read your book!). It’s funny how the more I master QuickBooks the more I run into reporting needs that it simply does not meet. (Another favorite pain is how hard it is to report on the profitability of individual employees.)

But, at the same time, running into these hurdles and solving it in other ways is better than not being able to understand what challenges lie ahead at all. Some day I’ll figure this all out. Thanks for writing!

]]> By: Denise O'Berry http://www.technotheory.com/2007/05/cash-flow-take-two/comment-page-1/#comment-1976 Denise O'Berry Mon, 07 May 2007 01:25:21 +0000 http://www.technotheory.com/2007/05/cash-flow-take-two/#comment-1976 You've discovered one of the drawbacks of using the "cash in the bank" method or cash flow. The very best way to manage your cash flow is to use a cash flow budget that projects out at least six months (a year is better!) and is updated monthly. You'll sleep better at night knowing what's coming due and how much cash is left over. Note that I am NOT talking about the cash flow forcast in Quickbooks. I consider that pretty much useless. A cash flow budget is the best way to go and you'll always know where your business is from a cash standpoint -- and whether you can have a few more of those nice meals. :-) You’ve discovered one of the drawbacks of using the “cash in the bank” method or cash flow. The very best way to manage your cash flow is to use a cash flow budget that projects out at least six months (a year is better!) and is updated monthly. You’ll sleep better at night knowing what’s coming due and how much cash is left over.

Note that I am NOT talking about the cash flow forcast in Quickbooks. I consider that pretty much useless. A cash flow budget is the best way to go and you’ll always know where your business is from a cash standpoint — and whether you can have a few more of those nice meals. :-)

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