This matters for sales because it gives you a more accurate picture of your income and expenses in real time, not just when the money moves. When you operate out of a cash account — a business bank account holding your liquid assets — every transaction is recorded using this method. Accurate forecasting starts with…

Being proactive with your finances can help you identify areas for improvement before they become costly problems. It also helps you develop a realistic budget, set achievable goals, and make data-driven decisions that align with your long-term vision. Learning to read and interpret reports like income statements, balance sheets, and cash flow statements empowers you…