A petty cash fund is a small amount of cash, usually less than $500, used to cover incidentals or petty expenses. Need some postage stamps? Go to the petty cash. Stapler broken? Petty cash. Reimbursing an interview candidate who needed to pay for parking? Petty...
You’re busy and your revenues look good, but you don’t have as much leftover at the end of the year as you would like. This is a cash flow problem and there’s no other industry quite like the construction space where having a firm handle on your cash flow is as...
“86.8% of all Canadian startups make it to year 2” [source] How many times have we heard something like that? I’d like to see a statistic on how many hours of sleep new business owners lose. These kinds of things can be disheartening, but I’m here to tell you that...
Inflationary pressures on our businesses (and personal lives) have been growing. Don’t despair! You aren’t completely helpless in this situation. There are things we can do as small businesses to survive, and even thrive in the midst of rising and unpredictable costs....
Are you struggling with cash flow issues? Is there no money in the bank at the end of the year? (even though your financial statements say there should be) Do you have unpredictable and fluctuating margins? If you’ve answered YES to one or...
