Keeping Score: Cash Vs. Profit

Keeping Score: Cash vs. Profit

Keeping Score: Cash vs. Profit One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you must understand the difference between making money…

Profit Distribution

Part 4 – Profit Distribution

Part 4 – Keeping Score: Profit Distributions One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you must understand the difference between…

Accrual Accounting

Part 3 – Accrual Accounting

Part 3 – Keeping Score: Cash vs. Profit – Accrual Accounting   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you…

Loan Payment

Part 2 – Loan Payment

Part 2 – Keeping Score: Cash vs. Profit – Loan Payment   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you…

equipment purchases

Part 1 – Equipment Purchases

Part 1 – Keeping Score: Cash vs. Profit – Equipment Purchases   One of the most commonly misunderstood concepts in business is, “Why is my profit position different than my cash position?” Profit and cash flow are both essential elements of a business, but they are not the same thing. To manage your business, you…