Financial Savvy for Small Business Owners – 5 Ways Your Financials Can Help You Run Your Business Better

Studies show that data is growing at a rapid rate of 56% yearly yet most small business owners are struggling to make accurate and informed decisions that contribute to the success of their business because it’s difficult to make sense of so much data.  The single most important thing that you could do to make your business successful is to manage your financial data. Sage Intelligence helps you do this by giving you the ability to organize, view and analyze your data so that you can get insights that are a stepping stone to making good business decisions.

The first step in managing your financial data is to understand your cash flow; this simply means knowing what money is coming in, at what time and what is going out and when. Understanding this will help you save a lot of valuable time.

Fig 1: Example of cash flow statement in Sage Intelligence (refer to the how-to video on You Tube for a step-by-step  guide to setting up an automated cash flow statement with Sage Intelligence: http://bit.ly/1lJWLGC)
Fig 1: Example of cash flow statement in Sage Intelligence (refer to the how-to video on You Tube for a step-by-step
guide to setting up an automated cash flow statement with Sage Intelligence: http://bit.ly/1lJWLGC)

We’ve compiled a whitepaper that details some basic financial knowledge that any small business owner should get to grips with that can help your business not just to survive, but to thrive! Take a look at Financial Savvy for Small Business Owners to learn about five ways your financials can help you run your business better.