Business Loans for Contractors: The Best Choices

Contractors need different types of capital to run their businesses. They use long-term capital to finance equipment purchases and short-term capital to smooth out temporary fluctuations in cash flow. Here are the best loans for contractors with descriptions of their collateral requirements, application procedures and repayment terms.

Línea de crédito

A business line of credit is a valuable and flexible source of funds for a contractor. It allows you to make “draws” as needed against the maximum approved line of credit. You will only pay interest on the amount of loan drawn down. If you repay the loan, you can come back later and borrow again. These types of loans are known as “revolving” lines of credit.

Lines of credit help smooth out short-term fluctuations in cash flow. They can be used to meet payroll expenses, pay suppliers and provide cash during slow periods. They can be drawn down at any time.

Lines of credit are usually secured by the contractor’s assets, such as accounts receivable, inventory and equipment. The amount of the loan is based on the lender’s appraisal of the worth of the company’s assets and its financial leverage. For example, a lender might advance 80% of the value of accounts receivable but only advance 50% of the book value of inventory and equipment. The maximum line of credit would be the sum of these appraisals.

The application and approval process for a line of credit is usually very quick.

Equipment Loans

From vehicles to high-priced heavy equipment, contractors need all types of equipment to perform their work. Equipment purchases for large amounts should align with the useful life of the asset. Equipment purchase loans are payable over several years, usually up to five years with monthly payments.

Lenders will require down payments of 10% to 20% but will finance the rest of the purchase price. This enables contractors to buy big-ticket items that may have otherwise been out of reach.

The collateral for an equipment loan is typically the equipment itself. This leaves the contractor’s other assets, such as receivables and inventory, available for collateral for other loans.

Small Business Administration Loan

Because of their long repayment terms and low interest rates, SBA loans are highly desirable. Lenders guarantee up to 85% of loans to contractors. This way, they have solid security in case the borrower defaults.

To finance long-term working capital needs and businesses with seasonal fluctuations, you can use funds from an SBA loan.

The hard part is that SBA loans are difficult to get. Only the most creditworthy applicants receive approval. Borrowers must have several years in business with good revenues and a strong credit history.

SBA loan applications require a considerable amount of paperwork and can take several months to get approved. SBA loans are highly desirable if you have the credentials and time to wait.

Accounts Receivable Financing

Under an accounts receivable financing agreement, the lender agrees to make advances up to a certain percentage, say 80%, of the contractor’s total accounts receivable outstanding. Repayment terms are either weekly or monthly. The contractor retains ownership of the receivables and assumes the risk of non-payment from the customer.

To make up short-term deficits in cash flow as needed, use funds from an accounts receivable agreement.

Invoice Financing

Invoice financing, also known as factoring, lets a contractor receive an advance against the company’s receivables. The factor typically will make an advance to the contractor of up to 80% of the invoice amount and collect the balance from the client at due date. Funds from factored invoices normally go into the contractor’s bank account the next business day.

In a factoring agreement, the lender, known as the “Factor”, purchases invoices from the contractor. They assume the responsibility of collecting the debt. Factoring fees can range from 2% to 4% of invoice value.

Approval for this type of invoice financing is based more on the creditworthiness of the contractor’s customers than the credit rating of the contractors themselves.

Loans for contractors range from lines of credit and receivables financing to meet short-term cash needs to equipment loans and SBA loans for long-term purposes.


Guide to POS Systems for Small Business

Small businesses face stiff competition, and they need every advantage they can get. Sometimes, an advantage can be found in an unlikely place, such as your point of sale (POS) system. POS systems provide an array of functionality that can help you with marketing, employee management, inventory management and payment processing, among others. So, getting the right system that meets the needs of your business is one way to gain an edge. But, how do you know which POS system is right for you?

Let’s start with the basics.

What Are POS Systems For Small Business?

By definition, a point of sale is where a sales transaction takes place. It could be at a register in a brick-and-mortar store, on a mobile device or even online.

A POS system combines hardware and software that retailers use to process sales transactions. It is not just a credit card processing system.  In reality, a POS can handle a variety of back-office functions in addition to processing credit card payments.

What Functions Does a POS Perform? A POS can have the following capabilities:

Scan barcodes – Use a barcode scanner to quickly input product and sales data into the system.
Process card payments, returns and exchanges – The credit card reader should input the customer’s credit card data from swiping a magstripe, dipping cards with chips or accept contactless payment such as Google Pay and Apple Pay. For mobile sales, you can connect card readers to tablets and smartphones per the headphone jack. Purchases made through your website can be processed with online POS software.
Track customer history – Keep records of customer profile data and sales history. Collect customer contact information and create lists for email marketing.
Keep records of employee performance and time management – Track employee clock-in and clock-out data and record sales performance for commissions.
Track inventory – Maintain current inventory in-stock levels of products and issue alerts for low stock amounts to reorder and prevent missed sales. Store supplier information, wholesale costs and discounts and issue purchase orders.
Produce reports- Produce sales performance reports. For example, track top sellers, identify slow movers and predict seasonal fluctuations.

What are the Key Elements of a POS System?

Pricing – POS systems can cost as little as $0 per month up to $300 per month. All systems charge a payment processing fee. They can be cheap or very expensive to operate, depending on the additional functions provided.

Hardware – POS systems typically work on most Android devices, iPhones and iPads. If you have one of these already, you can start your POS with a low-cost or free card reader and few other hardware costs. However, if you don’t have a barcode scanner, you’ll need to purchase one. Additional hardware costs could be anything from a printer for receipts to a cash drawer.

Plans – POS plans should range from a free (or low-cost) option with little more than the capability to process credit card payments, but have the flexibility to add more sophisticated data tracking and reporting as the business grows.

Top POS Systems for Small Businesses

Square

Square is the POS of choice for mobile businesses. Additionally, it’s also an economical favorite for retailers with physical stores. Many users conduct all of their business with just an iPad and a basic Square plan.

Ventajas – Square has a basic plan with a zero monthly cost, making it easy to get started with a POS system. The software is intuitive and easy to use.
Desventajas – Transaction fees can be slightly higher that other POS systems. Square charges more for transactions with manual entry than other POS providers.

Lightspeed

Lightspeed offers more than 40 detailed sales, inventory and analytic reports. It provides nearly any type of data analysis that a retail business would need.

Ventajas – The basic plan starts at $99/month and upfront purchases of hardware can approach $700, but you will receive extensive and sophisticated data analysis and reports.
Desventajas – The ecommerce feature is only available at an additional monthly fee. Shopify and Square offer ecommerce platforms for free. Unlike other POS providers, Lightspeed requires a contract, which means you’re stuck if you don’t like their system.

Shopify

Shopify has a reputation as one of the best POS systems for ecommerce. It’s easy to set up and has a wide range of options that are customizable for any small business. It also scales up as a business grows.

The plans range from a basic option at $29/month up to the Advanced Shopify at $299/month.

Ventajas – Shopify has affordable subscription and processing fees and offers a 14-day free trial. Its ecommerce tools are some of the best.
Desventajas – Data reporting on the Basic Plan is limited. Shopify doesn’t have a free subscription plan; options with more features gets expensive.

ShopKeep

ShopKeep is designed especially for cafes, bars, boutiques and specialty shops. It offers very detailed product and inventory tracking and goes further by keeping track of recipes and ingredients, for example.

Advantages – It offers helpful features for sales staff management, inventory control and reporting.
Desventajas – It doesn’t have fixed-price plans. Company representatives prepare a custom quote for each business application. Generally, higher business volumes reduce the credit card processing fee. ShopKeep offers a free version, but limits the number of items in inventory, number of employees and registers. Even the sales amount is restricted without an upgrade.

 

How to Choose a POS System

Use the following criteria and ask yourself these questions to determine the best POS systems for your small business:

  1. Price – Is the software and hardware reasonably priced with low monthly fees for a small business?
  2. Payment processing –Do the transaction processing fees compete with other providers?
  3. Inventory management – Does the system produce inventory data that you actually need?
  4. Customer data management – Does the system collect customer profiles, keep lists for email marketing, track customer purchase history, have a customer loyalty option, and offer gift cards?
  5. Employee data – What information does the system provide for individual employee performance?
  6. Customer support – Does the provider have free, live support, and is it available 24/7?
  7. Integrations – Does the system integrate selling, marketing and accounting reports?
  8. Analytics and reporting – What data do the reports provide? Can data be exported? Will the system produce visual charts and graphs?

Making Your Choice

First, decide what you want in a POS system. If it’s just processing credit card transactions, a free card reader with processing charges per individual sale and no monthly fee is good enough. But if you’re looking to add customer data for marketing, inventory management and tracking employee performance, then you’ll need to purchase a system that provides those additional functions.


How to Construct a Business Action Plan to Get Things Done

You’ve probably heard about the importance of creating a business plan to plot the growth and development of your business. So you outline your goals to increase sales, reduce costs and improve profits. But then what happens?  Setting goals is fine, but they need something that brings them to life. Something that makes everything happen. That something is a business action plan.

Here’s how to construct an action plan for your business that brings your goals to life.

What is a Business Action Plan?

While a strategic business plan outlines the overall growth, direction and development of the company, an action plan converts those objectives to identifiable tasks.

Quite simply, an action plan is a carefully thought-out listing of all the things that have to be done to turn your goals into reality. Let’s take an example.

Suppose one of your goals is to increase sales by 10% by hiring an additional salesperson to make more outside calls to potential new customers. The steps to achieve this objective might be as follows:

  • Write up a job description
  • Post your the postion on jobboards
  • Review the resumes that you receive and select 10 candidates to interview.
  • Schedule in-office interviews over the next three weeks.
  • Take one week to go over interviews to choose a candidate and make a job offer.

Each objective in your strategic plan needs a detailed list, like the one above, of the tasks needed to accomplish the goal.

What are the Components of Action Tasks?

Effective action-oriented tasks follow the SMART outline. They are:

Specific – Setting a goal to increase sales is too general. But saying you want to increase sales by 10% is specific. This way, you take last year’s figure, suppose it was $850,000, add 10% or $85,000 and you have a new specific target of $935,000.

Measurable – Progress towards achieving a goal must be measurable. Weekly sales reports, for example, will track the movement along the path to a revenue goal.

Attainable- Employees must genuinely believe that it is possible for them to reach the objectives. If they don’t feel the objective is realistic and reasonable, they won’t even try.

Relevant – Goals must conform to the company’s business model and customer demographics. The goal should be worthwhile, match other company efforts and applicable in the current economic conditions.

Timely – Set a target date. Establish a deadline to keep the focus on tasks leading to long-term goals.

Which Resources are Needed?

Identify the resources needed to carry out each action task. How much will it cost? How many people will be needed? Will you need to purchase any additional physical assets?

In our example, someone has to write the job description, place the ad and make sure the ad is paid for. How many hours of an employee’s time will this take, and how much will the ad cost?

Communicate the Plan to Your Employees

Get your employees involved. Let them know what your plans are and explain how these actions fit into the company’s business strategy.

Ask for their input and solicit suggestions. Employees are much more likely to support your plan and participate in its implementation if they are part of its creation.

Designate a person to be in charge of each task. Someone has to accept responsibility for the execution of the assignment.

Set Timelines for Each Task

Each task must have a specific time to complete and a deadline. Without timelines, work will expand to fit the time allowed.

Monitor the Progress

Create procedures to receive regular progress reports for each action task. The responsible employees must be aware that they will be monitored, weekly if necessary, to make sure things are moving along. If obstacles appear or deviations from the expected timelines occur, adjustments can be made to get back on track.

Business action plans are the means to convert strategic ideas into reality. Tasks that are created with action plans using the SMART method with employe participation will have the highest likelihood of success.


Employee Taxes: Are Your Employees Withholding Enough Income Tax?

In 2019, many Americans had a rude awakening: their tax refunds weren’t as big as they’d expected. Many people owed instead of getting a refund. Employee taxes, such as federal income tax withholding, seemed to have been under-withheld.

Changes to the tax code left employers and employees alike wondering what steps they could take to avoid tax surprises in future years.

The key to helping employees avoid under-withholding is taking a proactive stance on employee taxes. The experts below can help your team understand what happened with the changes to the tax code. From there, they offer actionable advice to help employees get their withholdings updated to minimize surprises.

Why some taxpayers were caught off-guard

“You fill out a W4 when you get a new job, and then you don’t think about it again until you have the next first day of the next new job,” says Ben Watson, CPA and CFO of Dollar Sprout. The “set it and forget” nature of the W4 form means that life changes, but the information on your W4 form doesn’t. Out-of-date information can lead to under-withholding employee taxes, especially in a year with significant changes to the tax code.

Even if employees had taken steps to update their W4, the form itself might have been the reason for under-withholding. “It’s possible that the current version of the W4 form hasn’t been the best tool to help employees get the right withholdings, even if they go step-by-step through the worksheet,” says Brenda Soucy, an IRS Enrolled Agent and manager with Lopez, Chaff, & Wiesman Associates Inc.

Soucy adds that multiple income streams can also create an under-withholding situation. “If you have a bunch of smaller jobs where you make $20,000 on each job, your withholding on those jobs assume this single job is your only income,” she says. “But if you have three of those $20,000 jobs, that’ll put you in a higher tax bracket.”

The rise of the gig economy adds to the scenario Soucy describes. Jobs like rideshare driving and delivery services typically don’t withhold employee taxes. Employees might not have increased withholdings at their full-time jobs to account for their increase in income, leading to under-withholding.

New tools to estimate withholdings

While launching a year later than changes to the tax code, there are new tools that will help with adjustments.

The first new tool is a revised W4 form. Estimated to arrive for employer use in December 2019, Soucy says the new form “takes many new factors into account, like dependents, other income, and multiple jobs.”

These changes point toward more accurate estimates for withholdings moving forward.

The IRS has also released a new online withholding calculator. Employers can distribute a link to the calculator to employees and invite them to update their W4 form withholdings, even before the new W4 form is released.

Steps employers can take

In addition to the new tools from the IRS, employers can help educate employees about changes to the tax code.

Watson suggests that employers partner either with their existing financial services partners or look to firms in the community to provide education.

“Reach out to your tax firm. Reach out to your payroll provider. Ask them, ‘What do we need to know?'” he says. “By inviting partners to share information about tax code changes, the burden doesn’t fall on employers to pass this information on to their employees.”

Atiya Brown is a CPA and consumer debt management specialist who also advocates for employers to bring in specialists to keep employees up-to-date each year.

“The changes that happen in an employee’s life aren’t necessarily something employers know about or even think about,” she says. “By having someone come in and explain all these new changes – changes to deductions, the W4 form, the new online withholding calculator – employers are taking a proactive stance.”

Brown also adds that employees can forget that they’re in control of their withholdings. “When employees have the perception that an employer under-withheld their taxes, their employer does what the employee told them to do on their W4 form.”

By empowering employees with up-to-date tax information annually, your company can play a role in demystifying a seemingly complex process.

To put your company ahead of the pack, here are a few additional tips from the experts above that can help pave the way to more accurate withholdings.

Don’t forget about employee benefits.

“Don’t just offer benefits. Offer the education to help employees understand the tax implications of their benefits,” says Watson. When you invite financial partners to educate employees, make sure they thoroughly address the breadth of your company’s benefits. And, just as important, how each of these benefits impacts an employee’s tax situation.

Have open conversations about gig income.

Brown wants employers to embrace the reality that many employees might have a side hustle to make ends meet. “Employees should know that they can increase their withholdings at their employer to account for income from a gig job,” she says. “Employees can even specify a specific additional dollar amount to be withheld from each paycheck.”

Conversations like these can also help employees avoid end-of-year tax surprises.

Engage Human Resources.

“Have HR put together a week each year with the sole purpose of encouraging employees to update all of their information on file with the company,” says Watson. HR departments can build annual agendas that include lunch-and-learns and “CPA Days”.  During these events, employees can receive general tax information, benefits education and enrollment, and more. Employee taxes are a very human topic with wide-reaching effects on an employee’s life beyond the workplace.

While companies could see payroll taxes as something unpleasant to discuss, employers can lead a narrative that creates happier employees.

“As an employer, you want your employees to be happy,” says Brown. “If employees perceive that their under-withholding is something that’s their employer’s fault, that’s a source of tension in your company. Education has the potential to create happier, more empowered employees. Whichever avenue employers choose to pursue employee education, whether a webinar or lunch-and-learn, that’s a step toward decreasing potential tension.”


Do You Know How to Make a Profit Plan?

Is your business designed to make a profit? Do you have a target profit figure in mind? If not, you should consider creating a profit plan for your business. While a business plan shows the results you hope to achieve, a plan for profits details how you intend to make it happen. It puts you in charge.

To increase the chances of reaching your profit objective, follow this guide and learn how to create a profit plan for your business.

What is Planning for Profits?

In a nutshell, planning for profits requires management to make a set of decisions that describe how a company intends to reach a target profit level. As such, his plan details what actions will be taken, who will do them and when they will be done.

In this sense, a profit plan is a pro-active road map that an owner can use to take the company from Point A to Point B. It discourages wandering off on side roads and keeps the business focused on the goals.

The process of creating a profit plan forces you to make realistic evaluations of the strengths and weaknesses of your company, also known as a SWOT analysis. The results of this analysis will form the basis for determining a practical and achievable profit objective, not a pie-in-the-sky goal.

How to Create a Profit Plan

You will use the profit objective from the SWOT study to identify what steps must be taken to reach this goal. Is it a rise in sales, a reshuffling of your product mix, an increase in selling prices or a reduction in expenses?

Using your historical financial figures as a basis, identify the changes that will be necessary to reach your profit objective.

You must determine the actions needed and who will be responsible for the results. For example, you might:

  • Invest in research and development to modify product features to meet changing customer preferences
  • Expand by opening locations in other regions
  • Purchase more efficient production equipment
  • Negotiate better prices with suppliers to reduce costs of production
  • Hire additional sales staff
  • Spend more on marketing

Once you have made these decisions, the required actions can be incorporated into your profit plan. These actions can include making projections of revenues and setting costs for manufacturing products or providing services and establishing,  In addition, it should also include budgets for overhead expenses. Any additional capital investments should identify the sources of financing, either funded internally or with outside loans.

The resulting document becomes the road map that defines the company’s activities for the coming year. You can set up reporting systems with benchmarks to measure progress along the way.

How to Make Your Plan Effective

An effective profit plan should have the following traits:

  • Key managers and employees must be involved in the planning and development
  • The analysis must be thorough and address all of the company’s important short- and long-term issues
  • The plan should anticipate future trends and changes in the company’s market environment
  • You should make provisions for changes when key assumptions prove invalid

What are the Benefits of a Profit Plan?

In addition to providing a clear direction for your company, a profit plan has other benefits. A profit plan is useful for:

  • Giving managers explicit financial goals and objectives
  • Defining specific performance metrics for employees
  • Educating employees on the direction of the company to gain their participation
  • For motivating key employees
  • Establishing a foundation for making strategic decisions
  • Creating action plans as a basis for monitoring progress and measuring performance

Planning to make a profit is an important mindset for every small business owner. Profit plans create a different perspective of making something happen rather than working hard and hoping to get good results. You can increase your odds of success by taking charge of the business and directing it where you want it to go.


Small Business Budgeting -Turn Your Growth Plan into a Healthy Bottom Line

Hearing the word “budget” often conjures the image of belt-tightening. But small business budgeting is the down-to-earth process of planning for the growth and profitability of your business. It’s about translating ideas and predictions into numbers. The ROI of thoughtful budgeting includes being able to secure financing to help accelerate your growth.

So how do you go about the process of small business budgeting?

There are different approaches, but here’s one. First ask yourself: Am I where I want to be next year? If yes, that’s great, but you can’t just create your next year’s budget from the last year’s profit and loss statement (P&L). You need to think about the reasons for the results you had. Next, you need to make your best guess as to whether they’ll hold up going forward. For example, you might ask yourself questions like:

  • Is it safe to assume that the competitive landscape will remain the same? Or do I need to prepare for the possibility that competition will heat up?
  • Will I need to make any enhancements to my products or services to keep up with market conditions and technology?
  • What changes might occur in my staffing needs? If I have to replace any key workers due to resignation or retirement, how will that impact my payroll?
  • Can I count on no big changes in the cost and prices of the goods and services I consume to keep my business moving forward?
  • Is any of my equipment wearing out or becoming obsolete?
  • Should I plan for any changes in the economy, for better or worse?

Chances are, your answers to some of those questions will point to the need to roll up your sleeves, sharpen your pencil and get to work on a new budget.

Budget for Revenue, Profit Growth

Start with revenue, using the revenue categories on your P&L, assuming it’s reasonably detailed. Revenue is the hard part, but it’s also what largely determines the expense side of the budget. Before you start plugging numbers into a spreadsheet, think about and determine which of your products or services…

  • Are the most profitable?
  • Are the ones that you’re best at making or performing, and give you the greatest competitive advantage?
  • Have the greatest potential for market growth?
  • Are most likely to be in demand for a long time?
  • Can expand your capacity to produce or perform?

Then think about new products or services that you might want to introduce.  What would it take to do so? And how quickly you can generate revenue from them?

Turn a Business Plan into a Budget

These questions are the foundation of a business plan that can be translated into a budget. It might be a multi-year budget, but the process forces you to become a strategic thinker.  Or, at the very least, it will allow you to translate your existing strategic plan into something concrete.

Next on the revenue side of budgeting comes this question: How conservatively or aggressively do you want to predict your revenue for the coming year? It’s a balancing act, and depends partly on your personality. It’s OK to be somewhat “aspirational” but without living in a dream world.

If you’re planning to borrow money or seeking to draw in some equity capital from outside investors, you might choose to be somewhat conservative. It’s usually better to under-promise and over-deliver, than the other way around. Besides, it can be very disruptive to business operations when you overestimate revenue, then have to retrench on spending midstream to protect your bottom line.

Also, you can give your sales team revenue goals that exceed your budget.  This lets you aim high without going out on a limb.

In picking revenue numbers, take your recent actual numbers within each product or service category, check to see how good you were in the past at predicting future sales, and learn what you can from the forecasting process you have used so far.

Forecasting Budgeted Revenue

If this is the first time you’re making a detailed budget, take your current revenue pattern and do your best to predict the impact that all the variables that go into sales results will have in the next year. Naturally, it’s easier to do if you’re not planning to make any big changes in strategy, such as raising prices, adding new products and services, increasing your sales and marketing efforts, opening new offices, and so on.

The small business budgeting process for expenses generally follows the revenue part. An exception would occur if you were forced into budgeting higher revenue (and figure out how to generate it) by an expected big jump on the expense side, such as a major increase in the cost of an important input. For example, higher import tariffs on goods from China are having this effect for some businesses. Others may be facing higher local minimum wage standards, or steep increases in health benefit costs.

As on the revenue side, you can use your P&L as the foundation for your expense budget. If you’re not planning any big changes in your business for next year, expense budgeting can be fairly straightforward. Certain changes in expense categories can be predicted, such as wage raises you plan to give, or additional staff you plan to hire. Other categories like rent and utilities generally aren’t hard to predict.

If you’re trying to improve your bottom line and aren’t expecting a surge in revenue, you’ll need to find savings on the expense side. If instead you’re expecting a significant increase in revenue based on a new business plan, you’ll need to incorporate the new expenses associated with the plan to build that revenue. It might be something as basic as higher sales commission and bonus expenses, or that plus many other expenses.

Don’t Neglect a Cash Flow Forecast

Small business budgeting also includes a critical component sometimes overlooked: cash flow forecasting. You might come up with a realistic budget that shows a healthy profit at the end of the year. But without a cash flow budget, you could find yourself with a depleted bank account and suppliers hounding you. That’s because your expenses and revenues rarely come in at the same rate every month.

You might accurately budget a big jump in sales in June, and some correspondingly higher vendor bills and payroll obligations that must be dealt with promptly, but the actual cash generated by those increased sales doesn’t come in before late August. A cash flow forecast will alert you to whether, without drawing on other resources, you’ll have enough money on hand to pay those bills.

And if your cash flow forecast points to a need for extra funds to tide you over a dry spell, it’s time to begin a conversation with a small business lender who can help you address that need. The better your budget and cash flow forecast, the better your prospects for a productive relationship with such a lender to help you achieve your business objectives.


5 Hacks to Streamline Your Financial Record Keeping

Staying on top of your financial record keeping can be a challenge, especially when you already have a full plate running your business. However, the benefits of having a strong financial records system is critical. Whether you’re filing taxes or trying to understand your performance, accurate financial statements are key — and those are built on strong record keeping. Score reports that 82% of businesses that fail don’t understand their cash flow. Here’s how to avoid that trap and streamline your process in five quick steps.

Use Software or an Accountant

If you’re going it alone in developing a system for financial record keeping, it’s natural that you’d struggle. There are three easy options that can streamline your process:

  • Work with an accountant: Hire an accountant who specializes in small business accounting. They can develop a system that works for you and help you track, record and consolidate your records each month.
  • Hire a service: Increasingly, there are combo service-and-platform solutions that offer small business accounting as a recurring service. Bench.co and Xendoo are two popular options.
  • Use software: If you prefer to manage your accounting internally, consider leveraging a solution like QuickBooks or Freshbooks. Manage billing, expenses and compiling your full profit-and-loss statements in one platform.

Implement a Month-end Close Process

Falling behind is the death knell for reliable financial record keeping. Implement a month-end close process where you submit all expenses, pay your bills, capture receipts, and reconcile accounts.

Doing this every month gives you real-time visibility into your financial situation and highlights issues to address before they become urgent problems. One strategy that can speed up the process is using an expense management app, such as Expensify or Wave.

Expense Management: The Key to Profit and Taxes

As a small business owner, deducting the business expenses that keep your organization running is crucial. It helps you really understand your profits and only pay the taxes you owe. However, every expense must be fully documented during that process.

los IRS has strict record keeping standards about substantiating any expenses. Record each expense, and retain two documents: a receipt showing what the purchase was for and confirmation that you paid it. For example, if you pay a vendor for a specific service, retain the receipt that outlines the provider, service and totals. Make sure you also keep proof of payment like a canceled check or credit card statement.

Tracking

Using your car for business can be a significant expense. However, tracking those expenses and capturing them on your financial statements and tax returns gets complex. Every trip must be logged, and then substantiated with other documents that show mileage throughout the year to separate business mileage from personal mileage. Consider automating the process with an app such as Mileage IQ. With these tools, simply download the app to your smartphone, and it will track the miles you drive. You add trip details directly into the app, and then have all the data on hand to the strictest reporting standards in case of an audit or future questions.

Use a Business Expense Template

When you work for a corporation, you submit expense reports to get reimbursed. These expense reports show the receipt, business justification and payment information for each purchase. Once they’re approved by management and accounting, you’re reimbursed.

Using a business expense report approach for your business can streamline financial record keeping in your own business. Create a template that fits your needs and records the essential details for each expense: the date, vendor, expense description, amount, payment type and business purpose. Jot down a few details about how you used the expense or how it relates to your business for later reference.

It’s important to have a plan for your financial records management. Not only does it give you deeper visibility into how your business performs, but it makes the financial management of your enterprise fast and easy. Whether a question arises regarding a business expense or you need to quickly apply for a small business loan, having your records in order allows you to quickly complete everything, and then get back to what matters most: running your business.


¿Debo ser propietario único?

Los propietarios únicos representan el mayor número de negocios en los Estados Unidos. De acuerdo con los datos más recientes del Servicio de Impuestos Internos, las declaraciones de impuestos de propiedad única no agrícola totalizaron aproximadamente 25.5 millones. En comparación, las declaraciones de impuestos de la Corporación C fueron de alrededor de 2 millones.

Si bien es extremadamente popular, todos los propietarios de pequeñas empresas eventualmente tienen que responder la pregunta: ¿Debo ser propietario único o debo incorporar?

Las empresas individuales tienen varias ventajas, pero también tienen algunas desventajas importantes. Analicemos ambos para que pueda hacer su propia lista de pros / contras para ayudarlo a tomar la decisión de incorporar o no.

Ventajas de ser un propietario único

Simple de crear- La empresa puede operar en nombre del propietario o un nombre comercial ficticio. La creación de un nombre comercial solo requiere la presentación ante la autoridad del gobierno local y la obtención de las licencias comerciales necesarias.

No hay presentaciones formales - Las empresas individuales no necesitan celebrar reuniones corporativas, guardar actas o presentar informes anuales. Si simplemente comienza a administrar un negocio, por ejemplo, un negocio de paisajismo, se ha convertido en propietario único sin tener que notificar a ninguna autoridad gubernamental.

Control del propietario - El propietario en una propiedad única tiene el control del 100 por ciento y toma todas las decisiones.

Sin impuesto de desempleo - El propietario no tiene que pagar un impuesto de desempleo sobre sí mismo. Sin embargo, se requiere el pago de los impuestos de desempleo si la empresa contrata a empleados que reciben salarios regulares.

Se pueden combinar fondos personales y empresariales. - Dado que el propietario y la empresa son iguales, se puede usar una cuenta de cheques para transacciones comerciales y personales. Aunque se permite una sola cuenta de cheques, sigue siendo una buena idea separar las transacciones comerciales y personales.

Propietario mantiene todas las ganancias - Un propietario único solo tiene un dueño; y el propietario informa todos los beneficios del negocio en sus declaraciones de impuestos.

Desventajas de ser un propietario único

Responsabilidad personal - El propietario es personalmente responsable de todas las deudas y obligaciones contractuales de la empresa. Esta responsabilidad es ilimitada. Un propietario podría perder todos los activos comerciales más los activos personales en el caso de un incumplimiento de préstamo o una decisión adversa de una demanda. El riesgo de perder una casa, un automóvil, cuentas de ahorro y otros bienes personales es la desventaja más grave de un propietario único.

Difícil recaudar capital - Las empresas individuales no pueden obtener capital mediante la venta de acciones o intereses en el negocio para atraer inversores externos. Un negocio que necesita atraer más capital para apoyar el crecimiento tendrá que convertirse a una forma corporativa.

Más difícil obtener préstamos bancarios - Los bancos prefieren otorgar préstamos a empresas con varios años de crédito empresarial. Los propietarios únicos deben confiar en la solvencia crediticia del propietario.

Supervivencia- Los propietarios únicos rara vez sobreviven a la muerte del propietario. Dado que el negocio generalmente es administrado por completo por el propietario, casi nunca hay una persona de nivel administrativo que se haga cargo del negocio. Simplemente deja de funcionar. Sin embargo, con los preparativos anticipados, el propietario de un negocio puede pasar el negocio a sus herederos.

Impuestos

La presentación de una declaración de impuestos para un propietario único es bastante simple. El único requisito es que el propietario incluya un Anexo C con la declaración de impuestos personal.

El Anexo C es un resumen de los ingresos y gastos del negocio. Las pérdidas que se muestran en un Anexo C pueden compensarse con otros ingresos que el propietario pueda tener de otras fuentes.

¿Debo ser propietario único?

A medida que el negocio crezca, el propietario eventualmente se enfrentará a la decisión de incorporar o permanecer como propietario único.

Los principales problemas que afectan esta decisión son el riesgo de responsabilidad civil y la necesidad de recaudar fondos.

Cuando una empresa comienza a pedir dinero prestado para expandir o financiar el crecimiento, aumenta el riesgo para los activos personales del propietario. Si se encuentra en una situación en la que necesita reunir capital para expandirse o para apoyar el crecimiento, ese es el momento de considerar el cambio. Además, si se encuentra en la situación en la que necesita comenzar a agregar empleados, debe considerar la incorporación. Los empleados pueden venir con su propio conjunto de responsabilidades y la incorporación puede ayudarlo a administrar ese riesgo.

Debido a que son fáciles de configurar y no requieren la presentación de documentos legales complicados, millones de dueños de negocios usan propiedades únicas para comenzar. Pero, una vez que comienzan a crecer, y los riesgos para los activos personales comienzan a aumentar, es el momento de hacerse la pregunta: ¿Debo seguir siendo un propietario único? La respuesta: investigar la incoporación es el siguiente paso correcto.


Métricas financieras clave para pequeñas empresas: los números que debe seguir

Al igual que los conductores observan el panel de instrumentos en sus automóviles mientras conducen, los propietarios de pequeñas empresas deben controlar continuamente las métricas de rendimiento de su empresa. Un propietario necesita saber qué está funcionando y qué no. Eso es parte de la gestión de un negocio. Al igual que es parte de conducir un coche. Un indicador de temperatura del agua que entra en la zona roja necesita atención inmediata; lo mismo con una métrica financiera que indica que la compañía se está quedando sin efectivo. Las métricas financieras clave para pequeñas empresas se dividen en cuatro categorías principales:

  • Beneficios
  • Liquidez
  • Influencia
  • Eficiencia

Dentro de estas cuatro categorías, hay siete métricas centrales que actúan como los indicadores clave de rendimiento más importantes cuando se trata del flujo de efectivo:

Métricas financieras clave para pequeñas empresas

Medidas de Ganancias

Ingresos - Esto puede parecer obvio, pero sin ingresos, nada más sucede, especialmente las ganancias. Y todos los ingresos comienzan con las ventas. Por lo tanto, la primera métrica a observar es su número de ventas más reciente; Puede ser diario, semanal o mensual, dependiendo del tipo de negocio,

¿Están sus ventas al nivel que deben ser? Las comparaciones de las cifras de ventas con el presupuesto ayudarán a mantener a todos en curso para alcanzar el objetivo de ingresos.

Margen de beneficio bruto- El margen de ganancia bruta es una medida temprana de la eficiencia de las operaciones de una empresa. Muestra la eficiencia con la que una empresa utiliza sus materias primas y mano de obra directa para fabricar y vender un producto o servicio a un precio que produce una ganancia bruta.

El margen de beneficio bruto debe ser suficiente para pagar todos los gastos generales fijos y obtener un beneficio. En algunas industrias, un margen de ganancia bruta de 25 a 30 por ciento puede ser suficiente; otros necesitan una ganancia bruta de 50 por ciento o más. Un cálculo del plan de ganancias de la compañía o el nivel de ingresos de equilibrio determinará el margen de ganancia bruta requerido para su negocio.

EBITDA - Es bueno saber que está obteniendo un beneficio neto, pero la prueba real es el EBITDA. Eso es ganancias antes de deducciones por intereses, impuestos, depreciación y amortización. El EBITDA revela los verdaderos beneficios operacionales de una empresa sin los efectos de los costos de financiamiento, impuestos y asientos contables no monetarios.

El monitoreo del EBITDA es importante porque es un indicador del flujo de efectivo de las operaciones.

Liquidez para Operaciones de Apoyo

Radio actual- Su ratio actual es el activo corriente dividido por el pasivo corriente. El momento del ciclo de flujo de efectivo desde el inventario hasta las cuentas por cobrar hasta el efectivo no es perfecto. El inventario puede ser más lento para vender y entregar; Los clientes pueden tardar más en pagar sus facturas.

En el lado del pasivo, los gastos y las facturas a los proveedores tienen montos específicos y fechas de vencimiento; no hay ningún misterio allí. Por esta razón, necesita más activos actuales que pasivos actuales. Una proporción buena y cómoda es tener $ 2 en activos actuales por cada $ 1 en pasivos actuales. Tener menos podría indicar que puede comenzar a tener problemas para pagar sus facturas a tiempo.

Siguiendo la tendencia de tu radio actual puede proporcionar advertencias anticipadas de los próximos problemas de flujo de efectivo, especialmente si el índice cae por debajo de 1.5.

Apalancamiento financiero

Coeficiente de endeudamiento - Algunas deudas son buenas; aumenta el retorno de la inversión de un accionista. Pero demasiada deuda puede ser peligrosa. Los prestamistas tienen un calendario estricto para los pagos de capital e intereses, y esperan recibirlos, independientemente de la disponibilidad de flujo de efectivo de la compañía.

Eficiencia de Operaciones

Cuentas por cobrar vencidas - La métrica de vencimiento de las cuentas por cobrar realiza un seguimiento de todas las facturas de los clientes y / o notas de crédito pendientes de pago. Si bien la mayoría de los clientes pagarán sus facturas antes de las fechas de vencimiento, a veces los clientes pueden tener problemas, ya sean sus propios problemas de flujo de efectivo o un mantenimiento deficiente de los registros, lo que les impide pagarle de manera oportuna. Debe intentar realizar un seguimiento de las facturas en intervalos de 30 días (30 días de retraso, 60 días de retraso, 90 días de retraso, etc.) para poder utilizar esta información para priorizar los procedimientos de cobro.

Volumen de ventas de inventario- El inventario representa una inversión importante para la mayoría de las empresas, por lo que convertir el inventario en ventas rápidamente es importante. El volumen de negocios es el número de veces que una empresa compra, vende y reemplaza su inventario en un año. Se calcula dividiendo el costo anual de los bienes vendidos por el nivel de inventario promedio. Dependiendo de la industria, las tasas de rotación de inventario pueden alcanzar de 10 a 12 veces por año.

Una disminución en el volumen de negocios podría ser una señal de que algunos productos no se están vendiendo bien, y los precios deberían reducirse para poder retirarlos.

Los propietarios que monitorean regularmente estas métricas financieras clave para pequeñas empresas tendrán un buen sentido del pulso de su negocio, al tiempo que les permitirán detectar problemas potenciales y tomar medidas correctivas antes de que se vuelvan perjudiciales para la salud de su negocio.


Se necesita dinero para ganar dinero: baja proporción de deuda a ingresos y préstamos específicos que pueden ayudar a hacer crecer su pequeña empresa

Para los propietarios de pequeñas empresas, existen muchas opciones para utilizar la deuda para satisfacer las necesidades específicas de su pequeña empresa.

Los préstamos bancarios para pequeñas empresas totalizaron casi $ 600 mil millones en 2015, según datos de la Administración de Pequeños Negocios de EE. UU. en US News: "Al mismo tiempo, los préstamos de fuentes alternativas, como compañías financieras y peer-to-peer, o P2P, prestamistas del mercado ascendieron a $ 593 mil millones".

Para algunos propietarios de pequeñas empresas, pedir prestado dinero para endeudarse puede ser un ejercicio estresante. El propietario de la empresa puede tener que poner sus pertenencias personales, como sus casas, sus automóviles u otros activos como garantía para el préstamo. Pero ser propietario de un negocio inteligente significa que, si bien puede obtener préstamos y adquirir deudas, es importante asegurarse de que dichos préstamos puedan devolverse a través de sus actividades comerciales.

Aquí es donde entra en juego su relación deuda-ingreso (DTI). Puede calcular DTI dividiendo la deuda recurrente total mensual de su negocio por su ingreso mensual bruto. DTI se expresa típicamente como un porcentaje.

Por ejemplo, si desea comprar una propiedad más nueva y más grande para su negocio, y su negocio genera unos $ 100,000 por año en ganancias, puede ser razonable comprar una propiedad que cuesta $ 200,000; sin embargo, podría ser problemático para usted comprar una propiedad que cuesta $ 20,000,000.

Tener una baja relación deuda-ingreso (DTI) es ideal. Un DTI bajo generalmente significa que su negocio no está altamente apalancado. También es un indicador de que su empresa podría sobrevivir en caso de que sus ventas cayeran. Sin embargo, si tiene un DTI alto, estaría muy en problemas en el caso de una recesión o si su industria o negocio experimenta una desaceleración repentina importante. Un DTI del 43% suele ser la proporción más alta que una persona puede tener si solicita una hipoteca; Cualquier cosa más alta sería demasiado arriesgada para que un banco asuma. Para las pequeñas empresas, esta es también una buena regla general.

Soluciones para todas las empresas.

Hay muchos tipos de préstamos que su pequeña empresa puede obtener que le permitirán mantener su DTI bajo control para no exagerar y encontrarse nadando en un flujo interminable de deudas. Estos son algunos ejemplos de algunos tipos específicos de préstamos que podrían beneficiar a su empresa, según las necesidades de su empresa:

1. Préstamo de equipo

Si maneja un negocio de construcción que requiere que compre una excavadora, es probable que pueda comprar el producto con un préstamo de equipo. Por lo general, tendrá que hacer un pago inicial del 10% al 20%. Y, el equipo en sí podría muy bien ser su garantía. Su préstamo puede provenir de un prestamista directo o del propio fabricante del equipo.

2. Préstamo Hipotecario Comercial

Si está buscando comprar, desarrollar o incluso refinanciar propiedades para su negocio, como un almacén o una tienda, puede obtener un préstamo de la SBA, similar a una hipoteca residencial. Como informa US News, "los préstamos garantizados por la Administración de Pequeños Negocios son generalmente de 2 a 2.5 por ciento más altos que la tasa de hipoteca residencial principal".

3. Préstamo de crédito comercial

Similar a cómo funcionan las tarjetas de crédito, usted recibe una cantidad máxima de dinero que puede pedir prestado. Un punto de venta sólido para los préstamos de crédito empresarial es que puede utilizar dicho crédito para cualquier necesidad comercial. Esto significa que es posible que no se sienta limitado y que pueda dispersar dinero a través de muchos mercados verticales comerciales, desde arrendar propiedades hasta comprar suministros.

4. Factura de Préstamo Financiero

Si el flujo de efectivo es un problema importante para su negocio porque ha prestado servicios o enviado bienes que aún no han sido pagados por sus clientes, puede financiar esto a través de compañías que cubrirán sus brechas en la facturación por una tarifa e interés.

Además, recuerde que puede sacar préstamos que deben reembolsarse en distintos incrementos de tiempo. Si no anticipa que su negocio sea rentable durante algunos años, puede obtener un préstamo a medio o largo plazo. Los préstamos con estos términos pueden ayudarlo a superar su período inicial de configuración. También pueden ayudarlo a realizar pagos a su personal o los activos requeridos por el flujo de efectivo. Por lo general, con los préstamos a más largo plazo usted paga menos dinero al mes porque los pagos se distribuyen en un período más largo. Pero, debes recordar que el interés se va acumulando con el tiempo. Entonces, al final, pagará más dinero en intereses con un préstamo a largo plazo.

Por supuesto, puede ser beneficioso darse una vuelta para asegurarse de que está obteniendo las mejores tarifas. También es importante tener en cuenta que con una baja relación deuda-ingreso será mucho más fácil para usted atraer préstamos a tasas de interés que no sean exorbitantes.


Todo lo que siempre quiso saber sobre las declaraciones de ingresos pero temía preguntar

Nota del editor: esta es una de las ocho partes de una serie sobre términos financieros clave que todos los dueños de negocios deben saber.

Es probable que haya escuchado la palabra "Declaración de ingresos" en algún momento durante su viaje empresarial. Tal vez incluso haya revisado uno de su CPA o CFO (si es así, ¡puntos de bonificación!). Pero, si tus ojos se ponen vidriosos un poco cuando escuchas el término. O, si no eres enteramente seguro que una cuenta de resultados es diferente a una hoja de balance. Estás en el lugar correcto.

¿Qué es un estado de resultados?

Es un informe financiero que muestra el desempeño financiero de una compañía durante un período de tiempo específico. Normalmente, los estados de resultados se informan mensualmente, trimestralmente o anualmente. Sin embargo, un informe puede abordar cualquier período de tiempo. Un estado de resultados muestra los ingresos y gastos de actividades operativas y no operativas, junto con la ganancia o pérdida neta. Los estados de resultados a veces se denominan "estados de pérdidas y ganancias".

¿Por qué son importantes las declaraciones de ingresos?

Las declaraciones de ingresos proporcionan un informe fácil de revisar sobre el desempeño de su empresa durante un período de tiempo. La comparación de múltiples estados de ingresos por períodos de tiempo múltiples le puede dar una idea de cómo se está desempeñando su negocio en general. Por ejemplo, si las ventas aumentan pero los gastos aumentan aún más, su ganancia neta puede disminuir.

¿Cómo pueden las declaraciones de ingresos impactar las opciones de financiamiento?

Debido a que muestran un desempeño durante un período de tiempo, muchos prestamistas usan las declaraciones de ingresos para evaluar cómo las ventas y el ingreso neto de una empresa están cambiando con el tiempo. Por esta razón, muchos prestamistas potenciales requieren múltiples declaraciones de ingresos para revisar. Podrían solicitar un valor de tres o más años, dependiendo de la suma que esté financiando o recaudando.

Si usted es un empresario que está explorando opciones de financiamiento, comience a revisar sus declaraciones de ingresos. Es mejor revisar con su CPA o CFO, pero si no tiene uno, use su software de contabilidad para generar los informes mensuales, trimestrales y anuales ahora, de modo que esté bien informado sobre la salud financiera de su empresa antes de comenzar las conversaciones. Con fiestas externas.

Pregunte a un experto

Bradley Klingsporn es un contador público y co-fundador / co-propietario de Aardvark Wine Lounge en Green Bay, Wisconsin, por lo que sabe una o dos cosas sobre por qué las declaraciones de ingresos son importantes para los empresarios.

¿Por qué es importante tener un control sobre su estado de resultados si está buscando aumentar el capital?

Klingsporn: No todas las empresas son una empresa tecnológica que puede operar en números rojos durante años y seguir recaudando capital. La mayoría de las empresas necesitan mostrar ganancias o, al menos, crecimiento para convencer a los inversores de que le den su dinero. Mantenerse al tanto de su estado de resultados puede ayudarlo a saber cuándo es un buen momento para reunir capital y cuándo sería mejor esperar unas semanas si espera algunas mejoras significativas.

¿Cuál es el mayor malentendido sobre las declaraciones de ingresos que ve de otros empresarios?

Klingsporn: muchos propietarios de pequeñas empresas tienen dificultades para diferenciar los flujos y reflujos regulares de las tendencias. No existe una regla estricta para determinar si un mes malo es solo un mes malo o si es el comienzo de una tendencia (lo mismo puede ocurrir con los meses buenos). El estado de resultados es un punto de partida que se utiliza para comenzar a comprender dónde está la empresa, pero requiere información adicional para determinar qué significa eso para el futuro. Por ejemplo, los restaurantes y bares a menudo verán un aumento en las ventas en los meses que tienen cinco fines de semana; para interpretar estos aumentos, el crecimiento podría llevar a un propietario a realizar mejoras de capital o contratar personal adicional que tal vez no puedan pagar cuando el mes siguiente vea un Disminuye con solo cuatro fines de semana.

Dame más

Al igual que es más fácil viajar a un país extranjero cuando conoce el idioma, es más fácil obtener capital (o asegurar cualquier tipo de financiamiento para su negocio) cuando está familiarizado con los términos financieros clave y sus aplicaciones de la vida real. ¿Quieres ponerte al día en tus finanzas? Echa un vistazo a los otros artículos de esta serie que cubren: índice de rotaciónrelación deuda / ingresosratio de rotación de cuentas por pagarratio de cobertura de servicio de la deudaradio actualEstados de flujos de efectivoÍndice de rotación de inventario.


Todo lo que siempre quiso saber acerca de los estados de flujo de efectivo pero temía preguntar

Nota del editor: esta es una de las ocho partes de una serie sobre términos financieros clave que todos los empresarios deben saber. 

¿Nunca escuchó el término "Estado de flujo de efectivo"? ¡La buena noticia es que es casi exactamente como suena! Y, al final de este artículo, incluso un novato en términos financieros puede sentirse cómodo al revisar y analizar un estado de flujo de efectivo con su CPA o CFO.

Sentirse cómodo con un estado de flujo de efectivo es imperativo, porque estos informes son de importancia crítica para su negocio. De hecho, el contador público y empresario Bradley Klingsporn, fundador de Aardvark Wine Lounge de Green Bay, dice que "muchos propietarios de pequeñas empresas y contadores de pequeñas empresas creen que el estado de flujo de efectivo es más importante que una declaración de ingresos". Eso se debe a que "[si] el negocio está obteniendo enormes ganancias, pero no tiene nada en el banco, no podrá pagar sus cuentas y aún podría pasar por debajo. Mantener una estrecha vigilancia sobre el saldo de efectivo es tan importante, si no más, que mantener un ojo en el balance final ".

¿Qué es exactamente un estado de flujo de efectivo?

Un estado de flujo de efectivo es un informe financiero que muestra la cantidad de efectivo y equivalentes de efectivo utilizados por una empresa en un período determinado. Los estados de flujo de efectivo contienen tres categorías principales. Las tres categorías son flujo de efectivo de:

  1. actividades de explotación
  2. Actividades de inversión
  3. actividades de financiación.

Tomados en conjunto, estos tres grupos representan todo el efectivo que entra y sale de un negocio.

¿Por qué son importantes los estados de flujo de efectivo?

Mantenerse al tanto del saldo de efectivo es crítico para la salud de una empresa. Esto es de particular importancia si usted es un negocio que probablemente recaudará dinero en algún momento. Y conocer su "pista", o el tiempo que puede operar con el dinero que tiene a la mano en este momento, es la clave.

Al revisar los estados de flujo de efectivo, los empresarios deben preguntar si los flujos de efectivo son sostenibles. “Si el efectivo disminuyó en el período, ¿fue esto debido a un cambio en ese período? Por ejemplo, una compra de capital o un gran pago de deuda. ¿O va a persistir esto? Por ejemplo, ¿pagos de préstamos regulares? ”Klingsporn pregunta. “Si se esperan reducciones de efectivo, ¿hay necesidad de entradas adicionales de efectivo? Si es así, ¿cómo obtendrá el negocio el dinero adicional?

¿Cómo pueden los estados de flujo de efectivo impactar sus opciones de financiamiento?

Los estados de flujo de efectivo permiten a los socios financieros potenciales evaluar el estado general de la empresa, incluida la rapidez con la que su empresa podrá pagar las deudas pendientes. Aunque no es imperativo tener un alto flujo de efectivo para pedir dinero prestado, los prestamistas pueden favorecer a las empresas que lo hacen. Cuanto más positivo sea el estado de flujo de efectivo, más fácil será el tiempo para tener opciones de financiamiento favorables.

¿Puedo crear mi estado de flujo de efectivo?

Si está en las primeras etapas de la búsqueda de reunir capital y nunca ha reunido o revisado un estado de flujo de efectivo, el consejo de Klingsporn es traer un experto. "Contratar a un contador", dice. “Si no quiere hacer eso, el proceso básico es identificar las entradas y salidas de efectivo que no afectan los ingresos netos y los gastos y los ingresos que no afectan el efectivo. El primero incluiría los pagos del principal del préstamo, el efectivo de nuevas deudas y las compras o ventas de equipo de capital. Este último incluiría la depreciación y los cambios en las cuentas por cobrar o por pagar. Si eso suena confuso, vea la primera oración ".

¿Que sigue?

Al igual que es más fácil viajar a un país extranjero cuando conoce el idioma, es más fácil obtener capital (o asegurar cualquier tipo de financiamiento para su negocio) cuando está familiarizado con los términos financieros clave y sus aplicaciones de la vida real. Vea las otras cuotas de esta serie que cubren la próxima entrega de esta serie, donde aprenderá todo lo que quería saber sobre índice de rotaciónrelación deuda / ingresosratio de rotación de cuentas por pagarratio de cobertura de servicio de la deuda y radio actual


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