Skip to Main Content
Small Business For Dummies, 6th Edition
book

Small Business For Dummies, 6th Edition

by Eric Tyson, Jim Schell
April 2024
Beginner content levelBeginner
464 pages
12h 59m
English
For Dummies
Content preview from Small Business For Dummies, 6th Edition

Chapter 14

Managing Profitability and Cash

IN THIS CHAPTER

Bullet Understanding cash flow

Bullet Reading and interpreting profit and loss statements and balance sheets

Bullet Reviewing key ratios and percentages of profitability

Bullet Overseeing inventory and accounts receivable

Bullet Controlling costs and improving profits

Although people drive the business of doing business, money fuels the engine. That money can be counted, compiled, and presented in numerous ways — ways that, in the right hands, can provide a steady flow of financial information with which you can accomplish a number of key business functions, including the following:

  • Maintaining bookkeeping information: The bookkeeping process includes keeping records of physical inventories, monies due from others (accounts receivable), and monies due to others (payroll and accounts payable).
  • Paying taxes: Federal, state, and local governments require not only that every business pays taxes but also that it keeps records to back those payments (see Chapter ...
Become an O’Reilly member and get unlimited access to this title plus top books and audiobooks from O’Reilly and nearly 200 top publishers, thousands of courses curated by job role, 150+ live events each month,
and much more.
Start your free trial

You might also like

Starting a Business All-in-One For Dummies, 3rd Edition

Starting a Business All-in-One For Dummies, 3rd Edition

Eric Tyson, Bob Nelson, The Experts at Dummies
Accounting For Dummies, 7th Edition

Accounting For Dummies, 7th Edition

John A. Tracy, Tage C. Tracy

Publisher Resources

ISBN: 9781394242764Purchase Link