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Tage Tracy
Tage C. Tracy, CPA, runs a financial consulting firm offering CFO support and planning services to private companies. He is the author of Business Financial Information Secrets.
Articles & Books From Tage Tracy
Cheat Sheet / Updated 02-23-2022
Cash flow refers to generating or producing cash (cash inflows) and using or consuming cash (cash outflows). You should think of cash flow as the lifeblood of your business, and you must keep that blood circulating at all times in order avoid failure. Managing cash flows is essential to the successful operation of your business.
Article / Updated 03-26-2016
Understanding the terminology used in profit and cash flow analysis is essential to managing the finances of your business. Here are some key terms you should commit to memory:
Break-even: The level of sales required to produce operating results with zero profit (sales revenue less cost of sales and other expenses equals zero).
Article / Updated 03-26-2016
The cash you use to run your business resides in different accounts. To manage your cash flows effectively, you generally need to have cash in the following types of accounts:
General operating account: Used for processing the large majority of a business’s normal and customary transactions, such as paying vendors and receiving customer payments.