Is your company in a competitive market? Trick question, we all are! This reality means there are challenges and opportunities every day. So - you want a decision-making approach that faces challenges and takes advantage of opportunities. PEK’s Balance Sheet Business Management (BSBM) approach can help you. The BSBM approach: · Decision-making with a clear, defined objective. · Options are evaluated with outcomes defined. · The best option is selected to meet the defined objective. What is a “clear, defined objective”? It is the basis for PEK’s approach to decision-making. The clear, defined objective is to increase balance sheet strength with every decision. Here are some questions to ask yourself and assess your balance sheet strength: 1. Are we reviewing the balance sheet regularly? 2. Do we know the company’s assets and liabilities? 3. Can we improve our understanding of the balance sheet and how to use it? Reach out to PEK to learn more about the BSBM approach on a ZOOM. www.pekaccounting.com
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How do you react when you need to make a decision in your business? Do you fear the unknown, or do you face it confidently? Do you know if your decision will result in a negative or positive financial outcome? If not, learn about PEK’s innovative approach to decision-making: Balance Sheet Business Management. Following the BSBM approach, you know exactly what to ask yourself, “How does this decision impact the balance sheet?” When you learn how your decisions impact the balance sheet, you will not worry about your bottom line. Your decisions will build balance sheet financial strength and you’ll feel confident about making those decisions. Here’s how: · Prepare a list of decision options. · Evaluate each option by its impact on the Balance Sheet. · Make the decision confidently knowing its impact on your business balance sheet. Reach out to PEK to learn more about the BSBM approach on a ZOOM. www.pekaccounting.com
PEK Accounting | Consulting » Balance Sheet Business Management
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Have you taken PEK’s Balance Sheet Strength Assessment? We invite you to visit the PEK website and do that today. When you take the assessment, you’ll see how your company tracks to developing and maintaining a strong balance sheet. Financial confidence grows with a strong balance sheet. PEK uses the Balance Sheet Business Management approach to develop greater confidence in daily business decisions. Every decision impacts your balance sheet. Here are questions to ask yourself and your management team to get a preview of your balance sheet strength: 1. Do our team decision-makers review the balance sheet regularly? 2. Can the team decision-makers identify the most significant balance sheet accounts? 3. Can we simplify the understanding of our balance sheet and how to use it? The decisions your business leaders make will impact your balance sheet. Understanding those impacts is the key to growing decision confidence. Reach out to PEK to learn more about the BSBM approach on a ZOOM. www.pekaccounting.com
PEK Accounting | Consulting » Making Business Progress
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Meet the VFO! 🌐🤝 Introducing the Virtual Finance Office (VFO)! 🎉 Get real-time management info, FD and FC level support, and streamlined processes—all at a fraction of traditional costs. Your trusted business advisor is here! https://lnkd.in/emEv2gp3 #VFO #BusinessAdvisor #smeuk #smallbusinessuk
Front Page - Cab digital accountants
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In the dynamic world of business, where decisions are made every day that can impact the bottom line, accounting plays a pivotal role. It's the backbone of any organization, helping to track financial transactions, manage resources, and provide valuable insights for strategic planning. Read the blog to know more about the crucial role of accounting in business and why it's so important for companies of all sizes and industries. https://bit.ly/3Fue4Mr
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Is financial clarity important for your business? 🤔 Find out how to navigate consolidated cash flow statements to gain financial transparency. 🔍 Discover insightful strategies and practical tips to understand and leverage consolidated cash flow statements for your business's financial success. 👉 Check out the full article here for in-depth insights: https://lnkd.in/dS3sjkAm #FinancialClarity #CashFlowStatements #Finance #Accounting #BusinessGrowth
Navigating Consolidated Cash Flow Statements for Financial Clarity
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Ready to elevate your business? Join me at the next GROW workshop on 15th August! Learn essential financial concepts to make data-driven decisions and propel your business forward.
We’re excited to have BFA Business Advisors and Accountants join us and present our next GROW workshop with tips to improve your financial skills and unlock your business growth. This workshop will cover an introduction to the basic concepts of finance, and will help you understand how to read and use financial data to make better informed decisions for your business. You will learn financial terminology, budgeting & forecasting, cashflow management, crucial financial reports and more!! When: Thursday 15th August @ 12.00pm Where: Waiora House Register NOW!! https://lnkd.in/eqDpg97c
Improve your Financial Skills, Unlock Business Growth! | Amplify
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Market Research Associate | Excel Dashboard, Power Point | Ensuring Accuracy and Efficiency in Processes
Just finished the course “Foundations of Working Capital Management” by Jim Stice and Earl Stice! In today's dynamic business landscape, effective financial decision-making is crucial. This course provided in-depth insights into managing the complexities of working capital within a merchandising business. Throughout this comprehensive course, I delved into crucial aspects such as cash management, receivables, inventory, and accounts payable. Understanding the nuances of the operating cycle and learning to differentiate between various business types has equipped me with invaluable skills in financial management. Key takeaways included creating organized internal procedures for optimized working capital management and analyzing the best financing options based on operational elements. Grateful for the opportunity to enhance my proficiency in handling financial operations and excited to implement these learnings in practical scenarios. 📊✨ #WorkingCapitalManagement #FinancialOperations #AccountsPayable #FinanceSkills #ProfessionalDevelopment #LinkedInLearning Check it out: https://lnkd.in/dUdGsybR #workingcapitalmanagement.
Certificate of Completion
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Essential Financial Metrics Every Business Owner Should Track Keeping an eye on key financial metrics is crucial for making informed business decisions. Here are some metrics you should monitor: Gross Profit Margin: Measures the profitability of your products or services. Net Profit Margin: Indicates the overall profitability of your business. Current Ratio: Assesses your ability to pay short-term obligations. Example: If your business has $500,000 in revenue and $300,000 in the cost of goods sold, your gross profit margin is 40%. With $50,000 in net profit, your net profit margin is 10%. A current ratio of 2.5, with $250,000 in current assets and $100,000 in current liabilities, indicates good short-term financial health. Understanding these metrics can help you make strategic decisions and improve your business performance. A fractional CFO can provide detailed insights and help you track these metrics effectively: https://lnkd.in/gtKjsttx
It All Adds Up Accounting Ltd
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Your business is on a journey – and we can help you along the path From starting up to selling out, your business is on a journey. As a business owner, you’ll need to guide your business through each different stage of that journey, as you: · Finance your business · Start your business · Grow your business · Manage your business · Exit your business Each stage of the business lifecycle requires different financial management and planning to maximise the potential in your business. A good accountant can help you at every step on your business journey, and make life much easier for you. What sets Horizon apart from other accountants is the structured approach we take to business financial management. Wherever your company sits in the business lifecycle, we can help you make the most of it. Our quality accounting services encompass the entire business journey, and are tailor-made to secure your business profits well into the future. Find out how we can help here: https://lnkd.in/gsi8F_nq #businessjourney #businesspartners #letushelpyou #managingyourbusiness #growingyourbusiness #startingabusiness #accountants
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Empowering Accounting Professionals to Excel in Their Careers and Reach New Heights 🚀 | Odoo Certified | Specializing in Digital Accounting and Driving Business Transformation 💡📈
🚀 Boost Your Business Knowledge: Opex vs. Capex Explained! 📈 Hey everyone! 🌟 Have you ever wondered about the difference between Operating Expenses (Opex) and Capital Expenditures (Capex)? 🤔 Understanding these two can make a huge difference in how you manage your business finances! If you're looking to make smarter financial decisions and ensure long-term growth, this guide is for you! Let's master these crucial concepts together and take your business to new heights! 🚀 👉 Check out the full blog #AccountingTips #OpexVsCapex #SmallBusiness #FinancialManagement #BusinessFinance #AccountingSoftware #DigitalAccounting #FinanceTransformation #AccountingTech #Innovation #Futureofaccounting #factintelligentsolutions
Understanding Opex vs Capex: A Comprehensive Guide for Businesses
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