Healthy cash flow is essential for covering operating costs and funding growth.

Conduct a review of cash inflows and outflows to understand your cash flow cycle.

Does your inflow exceed your outflow, or vice versa? When you can accurately answer that question, you’ll begin to understand more clearly how it ebbs and flows and how you can anticipate both to your benefit and sense of security.

Chart of Accounts helps you stay organized and prepares you for taxes. The CRA requires that you keep records plus tracking your revenue and expenses assists with business decisions. Get a free Chart of Accounts Template at the bottom of this post!