This month Accounting Today released the results of its inaugural Small Business Accounting Insights Survey. This survey of more than 1,000 small business owners includes some positive news and some positively startling observations on what small business owners want from accountants. If, like most of us here at Forwardly, suspense just isn’t your thing, Read more…
At Forwardly, we often talk about how cash flow is the best indicator of your business’s financial health. (And we truly mean often.) But there’s a metric within the bigger umbrella of cash flow that drills down on your survival odds as a company: Free cash flow. Free cash flow lets Read more…
Everything goes into overdrive during the holiday season when you’re a business owner — and the window of time you have to do everything somehow miraculously shrinks to become even smaller. The problem is, although Q4 can be a hugely prosperous season, it can also be a source of unusual cash Read more…
You’ve probably heard the saying, “A friend in need is a friend indeed.” It turns out to be true in the present scenario for advisors and their clients. Keeping your clients calm and supporting them in this once-in-a-generation health and economic crisis could go a long way for both of Read more…
Cash is king. Cash flow is one of the top small business killers. Money makes the world go round. You’ve heard it all. But what are the current cash flow statistics and trends to back this up? At Forwardly, we know how much foresight matters to your cash flow and Read more…
Beyond the easy application process and low-interest rate, “Loan Forgiveness” is one of the most attractive features of the Paycheck Protection Program (PPP) loans. Amid the COVID-19 outbreak, many of you have received PPP funds in your bank account. But if you’re not among one of those fortunate small business Read more…
Given the weak cash flow position during the COVID situation due to steady sales velocity and anemic financial opportunities, companies must restructure their financial strategies. Mechanisms, like availability of loans, a revival of monetary arrangements, rescheduling of cash flow, an extension of loan tenor etc., can safeguard the companies from Read more…
COVID-19 has disrupted the global economy and created a ripple effect all over. The significant reduction in the demand, restricted supply chain, and national lockdowns, have pushed the economy in the contraction phase that is likely to continue during the subsequent months as well. With little to no income and Read more…
‘Bankruptcy’ – there are certain financial, emotional, and social stigmas attached to this word. Although you have to face various financial ramifications when you file for bankruptcy, it is not the end of the road. Unfortunately, this situation is all too common – there are many examples of people who Read more…
Cash flow management and forecasting is a vital part of running a business. It is critical for any organization, large or small, during normal times and unprecedented ones. As small business owners struggle to navigate the complexities of the current economy amid coronavirus outbreak, it’s now more important than ever Read more…