It simply never occurs to many small business owners that there is a difference between profit and cash flow. Many owners subconsciously think of them as the same. They just assume that if they make a large profit, then they will have lots of cash in the bank. Sadly, this is often not true. In fact, this is one of the most common misconceptions by business owners that I’ve seen in my career. I’m sure you’ve seen that with your clients, too, and you’ve done your best to educate them on the differen... [continue reading]

I recently did a blog called "The Best Article You’ll Read on Cash Flow," so I thought I would share this video about the Statement of Cash Flows (SCF). The SCF is the most important but also the most overlooked of the financial statements. QuickBooks can easily prepare the SCF for you. Watch this video, and I think you will start paying attention to your SCF.   [continue reading]

I spent a couple of hours reading quite a few articles on the Internet about cash flow. There were titles like, “How to Manage Cash Flow,” “Cash Management Tips to Grow Your Business,” and “What is Cash Flow and How Do I Manage It?” I thought I’d save you the trouble of reading them all and summarize for you what I learned. “Cash is King” The first thing I learned is that “Cash is King.” I think every article contained that over-used phrase. Of course, that lack of creative expression doesn’... [continue reading]

Roger recently appeared on the Small Small Business (SSB) podcast. Learn how SSB helps small businesses here. Roger discussed 10 reasons why you should do business projections. Here’s reason number nine. Roger Scherping: OK, number nine on my list is: Project your cash balance. I don’t think there’s a financial metric that’s more important than your cash balance. I think it’s more important than sales or profits. If you don’t have cash, your vendors don’t get paid, or you miss a payroll, and ... [continue reading]

Roger recently appeared on the Small Small Business (SSB) podcast. Learn how SSB helps small businesses here. Roger discussed 10 reasons why you should do business projections. Here’s reason number six. Roger Scherping: All right, number six. This one kind of came out – I didn’t really realize this one until we started working with people on their projections, so it’s unexpected. But, and that is, that by doing projections you’ll be able to understand what drives your cash flow. So let’s say ... [continue reading]


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Five stars

"ProjectionSmart broke down and simplified the costs and cash flow of running a small business. It helped me get an idea of what to shoot for when I start my business."
~ Luke, startup entrepreneur

Five stars

"Simple and effective product for creating your financial projections!"
~ Elijah, Entrepreneur

Five stars

"Roger and staff are wonderful to work with! Such a great planning tool for small businesses!"
~ Sam, Entrepreneur

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