A rule that is typically applied to personal finances but can also be adopted by businesses is the 50/30/20 Rule. Managing cash flow – in or out – is known to be a significant setback for many businesses. Not having a good handle on finances can cripple any company, regardless of the amount of business
A SMART WAY TO MANAGE YOUR CASH FLOW: 50/30/20 RULE Read More »
You may have heard the term EBITDA tossed around in business-related conversations and wondered what it is and if you should be concerned about it when it comes to your business. EBITDA stands for Earnings Before Interest, Taxes, Depreciation (and) Amortization. It is a way of analyzing a business’s income statement and is often used
SHOULD I BE LOOKING AT MY EBITDA? Read More »
Businesses use various factors to measure their performance; one group of factors is called Key Performance Indicators, or KPIs. Different businesses apply different KPIs; however, there are seven accounting-related KPIs that every business should add to their “must have” plate of KPIs. The seven crucial KPIs are; Current ratio, Quick / Cash ratio, Net Profit
SEVEN IMPORTANT ACCOUNTING KEY PERFORMANCE INDICATORS (KPIs) AND WHAT THEY MEASURE Read More »
At NaRfula Financial Solutions we pride ourselves in being the right company for our clients by providing customized services that help our clients successfully grow their businesses. We serve small businesses, in the; research, technology, engineering, legal, and chiropractic industries. We also welcome government contract projects.
