Remove Cash Flow Remove Finance Remove Software
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Ten Ways to Boost Cash Flow as an Independent Consultant

Successful Independent Consulting

As a solopreneur, youre undoubtedly familiar with the feast-or-famine cash flow rollercoaster that most small businesses face. Use a reliable tracking system so you always know your cash position at a glance. Top Ten Cash Flow Boosters 1. Monitor your cash flow. Speed up the money coming in.

Cash Flow 195
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Navigating the Crossroads: Project Management vs. Project Accounting Software

Progressus

In today’s complex business landscape, the right software tools are more than just aids; they are essential components that drive project success and financial stability. A common area of confusion lies in distinguishing between Project Management and Project Accounting software.

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How to Improve Your Finance Skills (Even If You Hate Numbers)

Harvard Business

If you’re not a numbers person, finance is daunting. “The decision-makers will want to see a simple model that shows revenue, costs, overhead, and cash flow,” he says. Stop avoiding finance because you’re afraid of numbers. Think of it this way, “Finance is the way businesses keep score.

Finance 70
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Hospital Budget Systems Are Holding Back Innovation

Harvard Business

Instead, the finance office can allow the department to keep some of the savings it created, in excess of the original acquisition cost, in future year budgets. Typically, technology hardware and perpetual software licenses are purchased via capital budgets. Problem 3: Separating operating- and capital-budget timelines and processes.

System 71
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Why We Need to Update Financial Reporting for the Digital Era

Harvard Business

Digital companies, however, consider scientists’ and software workers’ and product development teams’ time to be the company’s most valuable resource. This notion, that risk is a desirable feature, can seem like sacrilege to anyone who’s taken an introductory finance course.

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Optimizing Project Accounting: A Game-Changer for Professional Services

Progressus

Ultimately, these hurdles jeopardize the firms’ ability to set and achieve short-term and long-term objectives, forecast cash flows, and strategize for the future. To steer the business in the right direction, the finance department requires instantaneous data on project statuses, forthcoming deals, and future client engagements.

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Key Performance Indicators (KPIs) for Professional Services Firms

Progressus

Utilization goals must strike a balance between short-term revenue targets and long-term considerations to avoid burnout or underutilization, which can lead to cash flow issues. Over time, this KPI facilitates precise cash flow forecasts, enabling strategic investments in line with long-term objectives.