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Manual entry shrinks wherever transactions have already been recorded by someone else: by the bank, by a payment schedule, or by the person where they occur…

A business loan is justified when it finances something that brings extra profit, and that profit covers the payment with room to spare. Then the interest is…

A month's costs can be reviewed in five steps: gather them by category, put them in order by amount, split them into groups A, B, and C, compare them with…

An extra payment is conveniently directed into the loan with the highest rate, while the rest keep being paid on schedule. That way the extra amount saves more…

A payment deferral is an agreement with a supplier to move payment to a later date before the due date arrives. It's easier to reach an agreement when the…

Preparing for the low season takes three steps: identify seasonality from the figures of past years, calculate what the weak months cost, and set that amount…

When a key employee is leaving, the time before their last day is best spent on three things: writing down the processes they run, handing the successor their…

Uneven income can be turned into an even payout to yourself. The mechanics are simple: every payment gets split into portions right away, and you take a fixed…

The customer with the biggest revenue and the customer with the biggest profit are often two different people. Revenue shows how much money passed through the…

Your rate is calculated from two things: how much you need to earn in a year, and how many hours of that year are actually billable. The second number usually…

A business that's ready to raise investment is one where the economics of a single customer are visible, there are multi-year performance figures broken down…

A business is ready to grow when every new customer brings in more than it costs to acquire them, and the processes run without the owner's constant…