Cash flow may be a challenge during normal times but COVID-19 is putting at risk the survival of each business. Projecting the results of reduced income, even if temporary, will guide changes in spending priorities, billing, and business model. I advise my small business clients to adopt a proactive approach to managing their small business with the help of a CPA who can assist with financial forecasting.

Think you want to invest in rental properties? Are you considering buying residential property for rentals? Experts advise people who invest in real estate for building future wealth to make a long term commitment. Here’s how: 

As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, if paper is holding you back, do what other successful landlords have done and make the switch to an accounting software program. 

Think you want to invest in rental properties? Are you considering buying residential property for rentals? Experts advise people who invest in real estate for building future wealth to make a long term commitment. Here’s how: 

As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, paper may be holding you back; for many, it’s past time to switch your accounting system from paper to software.

Bookkeeping can be a thorn in every business owner’s side, especially if the business doesn’t have a good system in place. Many companies are turning to virtual bookkeeping services, and it is easy to see why this trend is gaining in popularity. Here are some advantages: 

As a real estate investor, bookkeeping is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper bookkeeping system is the one they know and use. However, paper may be holding you back; for many, it’s past time to make the switch to an accounting software program. 

A proactive approach to small business accounting includes strategies like financial forecasting.The forecasting strategy can take a lot of time and effort, which is why you shouldn’t try to handle it on your own. Instead, it is better to enlist the help of a CPA who can help you fine-tune your business plan and know what to expect in the future.

As a real estate investor, accounting is part of your daily life. You have to monitor the cash flow in, and make sure you’re managing your outflow in a profitable manner. For many investors, a paper accounting system is the one they know and use. However, paper may be holding you back; for many, it’s past time to make the switch to an accounting software program. 

Bookkeeping can be a thorn in every business owner’s side, especially if the business doesn’t have a good system in place. Many companies are turning to virtual keeping, and it is easy to see why this trend is gaining in popularity. Here are some advantages of virtual bookkeeping: