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Why my profit and cash flow were the same!
This financial year the strangest thing happened – my profit and my cashflow increase were virtually the same!
A lot of business owners confuse profit with cashflow and actually expect to see a corresponding increase in cashflow every time they make a profit. In reality, that rarely happens. So how did I manage to achieve this near impossible feat, and – is it a good thing?
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Greater Productivity for Greater Profit
We all know that to improve net profit we either increase our prices or decrease our costs, right? It’s almost a cliché, and one that just might prevent you from finding the real profit drains in your business.
And here’s the kicker – it could be you!
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How to Manage Van Stock in MYOB
With new cloud technology and applications such as ServiceM8 and MYOB’s On the Go app, the ability to make mobile sales is rapidly expanding. Of course, managing stock out in the field is an important part of that process.
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ServiceM8 makes job management easy
ServiceM8 is a powerful service and job management companion, helping to make your everyday tasks easier and improve the efficiency of running your business.
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