Creative Agency Success Show
Has your business scaled beyond $1 million in annual revenue? Do you employ a staff of 20 or more people? If so, you've likely experienced a whirlwind of highs and lows that come with growth. You're not alone in your journey. Since 2002, Summit CPA Group, now Summit Virtual CFO Services by Anders, has helped businesses and creative agencies across America and the globe by providing Virtual CFO Services, cash flow management, business tax planning, financial forecasting, and much more. We've also performed hundreds of 401(k) audits and provided CPA firms with accounting outsourcing services and Virtual CFO consulting. This podcast seeks to help service-based business owners dive deep into the financial side of their business to achieve growth and financial success. Tune in bi-weekly as our hosts—Jamie Nau, Director + Virtual CFO, and Jody Grunden, Partner at Anders CPAs + Advisors—interview special guests to share knowledge in the digital and creative agency industry, as well as Jody’s experience as a service-based business owner and entrepreneur.
Creative Agency Success Show
The Art of Cash Flow
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info@summitcpa.net (Summit Virtual CFO by Anders)
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Episode 11
Quote
“The fact that you created a process is more important than what process you use. What matters is that you have a process.” - Jamie Nau
The finer details of this episode
- How often you should be looking at your bank balance
- How to determine your inflow to start a cash flow forecast
- How to forecast your outflows
- Reasons you should reconcile your account as often as possible
- Why your business should have a line of credit as opposed to taking out loans
- Things you can do to make sure you always have cash flowing into your business
Episode resources
- Summit CPA website - www.summitcpa.net
- Email us with questions/comments- vcfo@summitcpa.net